Media & Investments Corporate Presentation - FY18-19 - NETWORK18

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Media & Investments Corporate Presentation - FY18-19 - NETWORK18
Media & Investments

Corporate Presentation
        FY18-19
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
OVERVIEW

    2
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
Key Strengths

               Leading Media company in India with largest bouquet of channels (55 domestic
                channels and 16 international beams), and a substantial digital presence

                      Market-leader in multiple genres (Business News #1, Hindi General
                       News & Entertainment #2 Urban, Kids #1, English #1)

   Key
Strengths                “Network effect” and play on Vernacular media growth - Benefits of
                          Regional portfolio across News (14) and Entertainment (8) channels

                      Marquee Digital properties (MoneyControl, BookMyShow) & OTT video
                       (VOOT) provides future-proof growth and content synergy

               Experienced & Professional management team, Strong promoters

                                          3
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
Building India’s leading media company

                            2016+                       • OTT video platform, revamp of portals
              Filling whitespaces, umbrella branding,   • Hindi Movie and Music channels
                           thrust on digital            • News (TV+Digital) expanded and relaunched

                                                        • ETV acquisition (Regional News +Entertainment)
                         2012-2015                      • Indiacast setup for distribution of TV bouquet
              Regional entry to tap vernacular market   • NW18 acquired by RIL, corporatization thrust

                                                        • JVs with Viacom & A+E networks, Forbes
                         2005-2011                      • Invest in Home shopping, Online Ticketing
               Entry into Entertainment and Digital     • News, Opinions & Info portals

                         1999-2005                      • Business News (CNBC cluster)
                Built core platforms and launched       • General News (IBN cluster)
                              flagships                 • Finance portal (MoneyControl)

                                             4
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
Network18 group : TV & Digital media, specialized Print & Ticketing

                       ~75% held by Independent
                       Media Trust, of which RIL is
                          the sole beneficiary
                                                         Network18                                Strategic Investment
                                                                                            Entertainment
                                                                                              Ticketing
                                                                                          Network18 has ~39% stake

                                                                                                 Print + Digital
           Digital News                                  Broadcasting
                                                                                                   Magazines

                                                                                            Business
      Finance                                         News
                                                                                              Auto
                                               Entertainment
     News &                                                                                   Niche
     Opinions
                                               Infotainment                             All in standalone entity

   Infotainment                             Network18 holds ~51% of subsidiary TV18.
                                            TV18 in turn owns 51% in Viacom18 and
                                            51% in AETN18 (see next page for details)
Network18 holds ~92% in Moneycontrol.
Others are in standalone entity.
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
TV18 group – Broadcasting pure-play, across News & Entertainment
                 ENTITY                       GENRE                             CHANNELS

                                          Business News
                                       (4 channels, 1 portal)
              Standalone entity
TV18                                      General News
                   TV18
Group                                    (Hindi & English)

                                          Regional News
          50% JV with Lokmat group
                                         (14 geographies)
               IBN Lokmat

                 AETN18                   Infotainment
                                       (Factual & Lifestyle)
             51% subsidiary - JV
             with A+E Networks
                                          Entertainment
              VIACOM18                 (inc. Movie production
                                        / distribution & OTT)
           51% subsidiary - JV with
                 Viacom Inc
                                       Regional Entertain.
              Distribution -
                                        (8 channels in 6
               INDIACAST
                                          geographies)
         50:50 JV of TV18 & Viacom18

                                         Telugu Entertain.      Operated by the Eenadu group, owned by
               ETPL (Eenadu)                (5 channels)        Ramoji Rao (Hyderabad)
           24.5% holding (associate)
                                                   6
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
FINANCIAL SUMMARY

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Media & Investments Corporate Presentation - FY18-19 - NETWORK18
Network18 and TV18 Annual Operating Financials – A snapshot
                                        Network18 and TV18 - restated for current structure of ownership
                               OPERATING REVENUES (Rs Cr)                             FY19      FY18    Growth
                                a1) National News (Business + General)                 817       732     12%
                                a2) Regional News (ex IBN-Lokmat)                      262       214     22%
                               A) News (TV18 Standalone) @                            1,079      946     14%
                               B) Entertainment (Viacom18+AETN18+Indiacast) *         3,863     3,868     0%
                               C) TV18 Consolidated #                                 4,943     4,813     3%
                                  includes: Subscription                              1,268     1,146    11%
                                  includes: Film production/distribution               216       450     -52%
                               D) Digital, Print, Others & Intercompany elim.          173       214     -19%
                               E) Network18 Consolidated #                            5,116     5,027     2%

                               OPERATING EBITDA (Rs Cr)                                  FY19       FY18      Growth
                                a1) National News (Business + General)                    166        158        5%
                                a2) Regional News (ex IBN-Lokmat)                         -74       -125        NM
                               A) News (TV18 Standalone) @                                 92         33       179%
                               B) Entertainment (Viacom18+AETN18+Indiacast) *             221        208        6%
                               C) TV18 Consolidated #                                     314        241       30%
                               D) Digital, Print, Others & Intercompany elim.            -102        -53        NM
                               E) Network18 Consolidated #                                212        188       13%

There have been realignments in corporate structure for group simplification, as outlined below. The above representation assumes the current status of
ownership throughout, for comparability purposes; and hence will not match reported financials.
@ TV18's 100% subsidiary Panorama housed 13 regional news channels, which has now been merged into parent.
# Viacom18 and Indiacast became subsidiaries of TV18 from 1st March 2018. Further, HomeShop18 ceased to be a subsidiary of Network18 from 1st Feb
2018.
• Viacom18 and AETN18 are 51% entertainment subsidiaries of TV18, while distribution-arm Indiacast is a 50:50 JV of TV18 and Viacom18. TV18's 24.5%
   minority stake in Telugu entertainment associate Eenadu TV is not included here.
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
Investments into new initiatives in TV18
 Focusing on filling whitespaces scaling up in areas of leadership over last 3 years
        National News – No new channels. CNBCTV18.com launched in April 2018 (not included below)
        Regional News – 8 new channels over past FY16-FY17
        Infotainment – Lifestyle channel ‘FYI’ in early-FY17
        Entertainment – OTT platform VOOT, Second Kannada GEC Color Super, Music channel MTV
         Beats, HD feeds for 3 regional channels (all early FY17), Tamil GEC Colors Tamil (late FY18),
         Kannada Movies, VOOT kids Beta (late FY19)

 Regional and Digital the 2 key axes for growth via new launches
  New initiative losses (Rs Cr.)                                           FY16         FY17        FY18        FY19
  General entertainment - launches (inc regional &
                                                                             95         266           45         114
  digital)
  Regional news - launches                                                   45          73
  Factual entertainment - launches                                            0          27
  Rebranding and re-launch                                                   20
  TOTAL : New initiative losses *                                           160         366           45         114
 * We define new initiative losses as the operating losses of any major new launch or project, which we declare for a
 period of 4 quarters from launch at an aggregate entity level. The purpose is to allow an understanding of Business-
 as-usual profitability for the entity vs the prior period, as well as the trajectory of losses for the new initiative over
 the first year of its operations. A new initiative gets subsumed into Business-as-usual post this period, though the
 actual gestation period may be longer (and hence losses may continue beyond these 4 quarters).
                                                               9
Media & Investments Corporate Presentation - FY18-19 - NETWORK18
BROADCASTING

All viewership information is basis FY19 BARC data averages in the respective genres before the implementation of the TRAI order in
week 5 of 2019 (early Feb-19). Viewership is yet to stabilize post the same, as consumers are still making their channel/pack choices.
                                                                   10
TV18 group: Clear leader in News, Catching-up in Entertainment
         TV18 is the third largest national broadcast group in the country after Star, Zee and Sony.
         The group reaches 800+ mn people, across News, Entertainment and Infotainment.
         Portfolio viewership continues to grow.
         • News (#1): Share has grown to 11.5%, led by strong performance of Hindi and regional channels.
         • Entertainment (#3 ex-sports) : Share has grown to 11.7%, despite not having exposure to sports.
         • Infotainment (#2) : Niche genre within entertainment, which adds another ~0.1% share to TV18
                                                                                                                25.0%
14.0%                                          NEWS                                                                        ENTERTAINMENT (peer shares are ex-Sports)

12.0%                                                                                                           20.0%

10.0%
                                                                                                                15.0%
 8.0%

                                                                                                        11.5%
                                                                                                11.5%
                                                                                        10.7%
 6.0%
                                                                                10.3%
                                                                         9.7%

                                                                                                                10.0%
                                                           9.4%
                                                    9.2%

                                                                  9.2%
                                             8.0%

 4.0%
          6.6%

                                      5.6%

                                                                                                                                                                                                                               11.7%
                 5.3%

                                                                                                                                                                                                       11.4%
                                                                                                                                                                                               11.3%
                               5.2%

                                                                                                                                                                                                               11.1%

                                                                                                                                                                                                                       11.1%
                                                                                                                                                             11.0%

                                                                                                                                                                                       11.0%
                                                                                                                                                                     10.7%
                        4.8%

                                                                                                                                                                             10.7%
                                                                                                                                                     10.5%
                                                                                                                                      10.4%
                                                                                                                               9.7%

                                                                                                                                              9.6%
                                                                                                                        9.5%
 2.0%                                                                                                            5.0%

 0.0%
                                                                                                                 0.0%

           TV18 News                          Zee Media                            TV Today
           ABP                                IndiaTV                                                                            Viacom18                    Sony                    Star              Zee Ent.

                                  Post implementation of New Tariff Order and shifting of entertainment channels out from
                                  DD Freedish, entertainment broadcasters lost 2-4% viewership share each in late Q4FY19.
Business News

                                             Audience : NCCS 25+ AB Male              Audience : NCCS 25+ AB Male, HSM
           Key Demographics               Significant OOH Viewers across HIG       Channel for people in Business across Hindi
                                               Business People in Metros                        Speaking Markets

               Competition              CNBC TV18 garnered 66% viewership –        Awaaz garnered 63% viewership is at No. 1.
                                        greater than ET Now & BTVi combined.           Zee Business is the other player.

                                                           We created and dominate the Business News Genre
                Operating                        ~65% viewership share and over 75% market share in advertising****
                 Metrics                Significant Out of Home Viewership (not captured by BARC) gives premium positioning
                                                 Positive leverage to equity markets, Events and IPs provide resilience

               Launch Date                        Launched in 1999                             Launched in 2005
                                                CNBC - Brand Licensor                        CNBC - Brand Licensor

        CNBCTV18.com, a digital extension of the channel, was launched in late FY18 as the companion website with the
        live video feed. CNBC Prime HD offers some additional international content.

***Source: Internal Company Estimates
                                                                12
General News

                        Audience : NCCS AB Male 22+, All India       Audience : NCCS All 15+, HSM
    Key Demographics               English Speaking,               Channel for the Masses in the Hindi
                                          HIG                                   Heartland

                           Market Split among the Big 5             Highly Fragmented but substantially
      Competition       Republic TV & Times Now are leaders,     larger market compared to English News
                       CNN News18, NDTV 24x7 & India Today        Aaj Tak, India TV, ABP News, Zee News -
                           Television are the challengers                   Competition in Top 5

                       CNN-News18 was the #3 General English
       Operating                                                   #8 rank in Q4FY17 (8.8% viewership
                        News channel with 12.3% viewership
        Metrics                                                    share) has now risen to #2 (13.9%)
                                      share.

                       Launched as CNN-IBN in December 2005;      Acquired in 2006 from Dainik Jagran
      Launch Date        Re-launched as CNN-News18 in April       Rebranded from Channel 7 to IBN7;
                                        2016                     Rebranded again from IBN7 to News18
                                CNN - Brand Licensor                       India in Nov’2016

                                               13
National News : Viewership share – Business and General News
 Completely dominate the Business News niche through flagship CNBC TV18
 Hindi channel the key driver of growth, lead by improving rank and genre-tailwinds
                                  ENGLISH                                                  HINDI
                                       BTVI,
   BUSINESS NEWS

                                       9.2%
                                                                                 Zee
                             ET Now,
                                                                               Business,
                              24.2%
                                                                                36.8%

                                                   CNBC
                                                   TV18,                                         CNBC
                                                   66.6%                                        Awaaz,
                                                                                                63.2%

                             Others,                                          Others,
                                                                              15.6%
   GENERAL NEWS

                             12.2%
                     NDTV
                                                                                              Aaj Tak,
                     24x7,                         Republic         News                       17.1%
                     7.1%                            TV,           24, 6.8%
                   India                            31.6%                                                 Zee
                   Today                                                 News                            News,
                    TV,                                                 Nation,                          13.1%
                   11.0%                                                 9.0%
                                               Times                              ABP           News18
                                               Now,                              News,           India,
                       CNN                     26.5%                             12.6% India TV, 13.0%
                     News18,
                                                                                         12.7%
                      11.6%

                                                              14
Regional News
 14 regional channels reach ~60 crore viewers across 26 states through 15 languages
 The regional cluster’s share of overall TV News viewership has risen from 2.5% (Q3FY17) to ~6%
 All ETV/IBN branded channels were migrated to News18 umbrella during FY18

    Language        Marathi             Urdu              Hindi              Hindi             Hindi              Hindi       Hindi/Punjabi

                                      All Urdu                                                                                   Punjab,
                                                                            Bihar              MP                  UP
  Focus Markets   Maharashtra         Speaking          Rajasthan                                                              Haryana &
                                                                          Jharkhand        Chhattisgarh       Uttarakhand
                                      Markets                                                                                  Himachal P.
                                                                                                                               Mar 2014
   Launch date        2008            Aug 2001          Jan 2002           Jan 2002          Jan 2002           Jan 2002
                                                                                                                              (* Apr 2017)
                  50:50 JV with              ETV branded Channels acquired from Eenadu group in January 2014.                * Relaunched
  Other details
                  Lokmat group              These mature channels typically are in the top 3 in respective markets.          with Himachal

    Language         Bangla           Kannada            Gujarati            Oriya          Malayalam          Assamese           Tamil

                                                                                                                Assam
  Focus Markets   West Bengal        Karnataka           Gujarat            Odisha             Kerala                          Tamil Nadu
                                                                                                               North-East

   Launch date     Mar 2014           Mar 2014          Jun 2014          May 2015           June 2016         June 2016        June 2016

                        Launched over FY16 – Q1FY17, initially under ETV brand.             Launched in FY17 directly under News18 brand.
  Other details
                       In various stages of ramp-up and gaining revenue traction.              In early stages of establishing themselves.
                                                                    15
Regional News : Viewership share – Mature channels
                   Jai
               Maharashtra,
                  4.6%
      News18                                                                         Zee Raj.      1st India
                          ABP                                                         News           Raj.
      Lokmat,
                         Majha,                                                        21%           11%
       13.3%,
                         24.5%,
                                                                                  India
   TV9                                                                          News Raj.
 Marathi,                                                                          4%
  18.4%                        Z 24
                               Taas,                                                            News18 Raj.
              Saam            19.8%,                                                               63%
               TV,
             19.4%,

            Maharashtra                                  Urdu                               Rajasthan
                                           IND 24 News
                                             3%   State
                                                  MP/CG Bansal
                                                   7%   News
                                                         8%
                          News18                                                     News State UP/UK              Sahara Samay UP UK,
   Zee Bihar             Bihar Jha.                                                                                         1%
                                                                                           60%
     Jha.                   37%                                News18 MP CG                                                   TV 100, 1%
                                            Zee MP
     49%                                                           25%
                                          Chhattisgarh                                                        Zee UP UK, 5%
                                             32%
                                                                                                                        HNN 24x7, 1%
                                                                                                                         FM News, 1%
                    Kashish                    Sahara Samay IBC 24
                     News                         MP/CG      20%              India News UP/UK                         Buland News
                                                    2%                               1%                               Samachar Plus
                      10%              Swaraj                                                  News18 UP UK
                                                                                                   23%                      7%
    Sahara Samay Bihar & Jha.          Express
                                        SMBC       India News MP/CG
              4%
                                         1%                2%
             Bihar/Jha.                            MP/Cha.                                UP/Uttara.
                                                          16
Regional News : Viewership share – Channels under ramp-up
    Total Har., 1% India News
                     Har., 4% Living                                                               B News,            Dighvijay
                                India                           Sadhna                               4%        TV 5     24x7                             Zee 24
                   India                             R Plus,
    Zee Punjab                News, 3%                         News, 1%                                      KannadaNews, 6%                              Kalak         ABP
                   News                               11%
                                                                          Zee 24                               , 3%                            VTV         8%          Asmita
  Har. Him., 20% Punjab,                      News Time                                                                News18
                                                                          Ghanta,
                                                                                                                    Kannada, 10%               News                     21%
                    6%                        Bangla, 4%                   22%                TV9
Total TV,                  MH One                                                                                                              16%
   1%
                                           Kolkata                                          Kannada,                    Praja TV, 3%
                            News,          TV, 11%                                                                                                                          News18
                                                                                              35%
                             21%                                                                                                                                            Gujarati
                                            News18                                                                     Public                    TV9                          12%
 PTC News,       News18                     Bangla,                                                                   TV, 20%                   Gujarati                   GSTV
    29%         Punjab/H                      9%                        ABP
                                                                                                                                                 22%            Sandesh     5%
                ar./Him.,                        Bangla               Ananda,                      Suvarna News
                   15%                          Time, 8%               34%                                       Raj News                                        News
                                                                                                     24x7, 15%
                                                                                                               Kannada, 2%                                        16%

      Punj/Har/HP                                          Bengal                                      Karnataka                                              Gujarat

                                                                                                                                                     Cauvery
         Naxatra News                                                                                                                               News, 2%
              1%            Kalinga TV                   Kaumudy TV                                                                                                News18
                 News18                     Media            0%
                                                                                                           Assam
       Zee                      4%                                                                 Protidin Talks                                                   Tamil
                                            One TV   Janam TV                                                                                       Thanthi
      Odisha      Odia                                                                                                                                            Nadu, 11%
                   8%                        6%         9%                                          Time     4% DY 365                              TV, 15%
                                                                                                                                                                           News 7
       8%                                                                    Asianet                 16%
                                         People TV                                                                18%                                                     Tamil, 10%
                        Kanak News          5%                                News          Prag
                           11%                                                37%           News                        News18
                                         News18 Kerala                                                                                    Sun News,
                       News World
                                             7%                                             12%                         Assam                13%
                       Odisha, 4%
                                                                                                                          7%                                             Polimer
OTV                                          Mathrub
45%                                           humi                                                                                     Seithigal,                       News, 26%
                       News7                  News                                                                                        4%
                                                                                                         News                                             Puthiya
                        19%                   16%              Manora                                                                   Sathiyam        Thalaimurai
                                                               ma News                                    Live                           TV, 4%            , 14%
                                                                20%                                      43%
                                                                                                                                          Raj News
                                                                                                                                          24x7, 1%

             Oriya                                   Malayalam                                         Assamese                                                Tamil
                                                                                       17
Infotainment: Factual Entertainment & Lifestyle

 Key Demographics                    NCCS 15+ AB                                       NCCS 15+ AB

   Competition
                    HISTORY TV18 is #3 in Factual Entertainment            FYI TV18 is the #1 Lifestyle channel

     Content
                    Action, Adventure, Thrill with a Layer of History   Food, Relationship, Home are 3 pillars
       And                                                                  English, Hindi, Tamil ,Telugu
                              English, Hindi, Tamil ,Telugu
    Languages

   Launch Date            HISTORY TV18 launched in 2011                    FYI TV18 launched on 4th July’2016

                                          AETN18 is a 51:49 JV between A+E Networks & TV18.
Infotainment : Viewership share
 History TV18 was the #3 channel in its genre

 fyi TV18 has risen to #1 within 2 years of its launch

               FACTUAL ETERTAINMENT                                        LIFESTYLE

                      Discovery      Discovery
                    Science, 3.9%   Turbo, 0.6%
                                                                           NDTV
                                       History                             Good
                        Nat Geo         TV18,                              Times,
                         Wild,         14.4%                                           FYI TV18,
                                                                           12.4%
                         13.0%                                                          31.5%
        National
        Geograph                              Discovery        Fox Life,
        ic, 12.5%                             Channel,          25.1%
                                               22.9%
                      Sony BBC
                       Earth,       Animal
                       14.2%        Planet,                                     TLC,
                                    18.4%                                      30.9%

                                                          19
Hindi Mass Entertainment Channels

     Key Demographics

         Competition

                                      Mix of Fiction, Reality and Movies.
                                                                               Free- To-Air Channel*
                                    Flagship properties include Bigg Boss,                             Free- To-Air Channel* Focused
        Programming                                                          repeat programming from
                                         Khatron ke Khiladi, Shakti, &                                           on movies
                                                                                       Colors
                                                   Mahakali

                                      Launched in July 2008 – Star Plus,
                                      Sony & Zee TV launched pre-1995.
        Launch Date                   Became the no. 1 Hindi GEC within
                                                                                Launched in 2012             Launched in 2016
                                           few weeks of its launch

   *Till Feb 2019. Pay post that date.
   Please note with effect from 1 March 2019, Colors Rishtey, Colors Cineplex, Star Utsav, STAR Utsav Movies, Sony Pal, Sony Wah,
   Zee Anmol, Zee Anmol Cinema have been pulled out of free dish and have been converted to pay channels
                                                                   20
Hindi Mass Entertainment Channels : Viewership share
    Colors is amongst top primary GECs (pay GECs, targeted at urban markets), but FTA
     channels lead in overall viewership share led by their pricing/distribution advantage

    In its FTA avatar, Cineplex grabbed ~9.2% viewership share and was the #3 Hindi movie
     channel within 2 years of launch (leader has ~11%), despite a smaller movie library

    FTA channels Rishtey and Cineplex have been re-launched as pay channels Colors Rishtey
     and Colors Cineplex respectively in new tariff regime in late-FY19.
                     HINDI GENERAL ENTERTAINMENT                                           HINDI MOVIES
                                                              Others,                                Zee          Zee
       Colors                                                         STAR
                                                               1.1%                                Cinema       Anmol
        +HD,                                             STAR         Utsav,                                   Cinema, Zee
                                                                                                    +HD,
        9.0%                            Colors          Bharat        9.6%                          8.9%         7.3% Bollywoo
 Zee TV                                Rishtey,       +HD, 10.2%                       Others,                         d, 1.8%
  +HD,                 Other             7.6%                                          35.3%                         Sony MAX
 10.2%                 GECs ,                                                                                          +HD,
                                                                   Sony Pal,
                       63.5%         Big Magic,                                                                        11.3%
Sony +HD,                                                            9.2%
                                        4.3%          Zee                                                      Sony Wah,
  7.9%                                                            SONY SAB                              STAR
                                      &TV + HD,                                 Colors            STAR           10.0%
        STAR Pl us                                   Anmol,                                             Gold
                                         2.5%                       + HD,      Cineplex,          Utsav
          +HD,                                       12.3%                                       Movies,
                                                                                                        +HD,
                                                                    6.5%         9.2%                   8.1%
          9.6%                                                                                    8.0%
                                                  BREAKUP OF OTHER GECs
4 PREMIUM GECS (~36% of the genre)                  (~64% of the genre)
                                                          21
Regional Entertainment

          Overview

        Language               Bengali        Marathi        Kannada       Kannada       Kannada          Gujarati    Oriya      Tamil

        Penetration* –
        Regional Market           41             43             58            51            43              19         17          52
        (in millions)

        Overlap With
                               Medium           High           Low            Low          Low        Very High       Low         Low
        Hindi

                                                                                          Udaya
                                                            Udaya TV,       Kasturi                                  Tarang
                                                Zee                                      Movies                                 SUN TV,
                             Star Jalsha,                      Zee           TV,                                       TV,
        Key Competitors                      Marathi,                                      Star       DD Girnar                Star Vijay,
                             Zee Bangla                     Kannada,       Suvarna                                   Sarthak
                                            Star Pravah                                  Suvarna                               Zee Tamil
                                                             Suvarna         Plus                                      TV
                                                                                           Plus

        Number Of Key
                                   5              4              7             7             4               1         3           3
        Players

      *Source: BARC| All India| NCCS 2+| All days, 24 hours| Avg. Monthly Reach in Mn– Individuals FY19

                                                                         22
Regional GECs – Viewership share
                    Others,
                                                                          Sony
                     2.9%                              DD Sahyadri, 4.2% Marathi,
                                                                          2.3%
            Udaya                                                                                                     DD Girnar,
              TV,            Colors          STAR Pravah +HD, 17%
            16.7%         Kannada +HD,                                                                                 16.1%
Star Suvarna,                32.1%
    11.6%                                                                            Zee Marathi +HD,
                                                                                          50.0%                                    Colors
                                                                                                                                  Gujarati,
  Zee Kannada,                    Colors     Colors Marathi +HD,                                                                   83.9%
     27.5%                        Super,
                                                    19.1%
                                   9.2%
                                                                    Zee Yuva, 7.2%

            Karnataka                                                Maharashtra                                         Gujarat

              Colors
              Oriya,
                                                                                                             Colors Others
               5.9%                                                     STAR                                Tamil + 11%
                                                                                                              HD
                                                                       Jalsha
                                                                                                              3%                     Sun TV +
                                                                        +HD,                                                           HD
                                                                                                        Zee Tamil
                         Sarthak TV (ZEE),            Others,          36.9%                              + HD                         40%
                              49.4%
       Tarang TV,                                      8.1%                                               20%
         44.7%                                        Colors                    Zee Bangla
                                                      Bangla                                                 STAR        STAR
                                                                                +HD, 41.2%                              Vijay +
                                                       +HD,                                                  Vijay
                                                       7.8% Sony Aath,                                       Super        HD            Sun Life
                                                              6.0%                                            2%         21%              3%

                 Odisha                                                 Bengal                                         Tamil Nadu
                                                                           23
Kids Genre

  Key Demographics
                     Audience : Kids Between 2-14, NCCS ABC         Audience : Boys Between 10-14
        And                       ‘Fun Unlimited’             ‘A channel for the action loving generation’
     Positioning

    Competition

      Content
                         Focus on ‘Comedy and Humor’               Focus on ‘Action and Adventure’
        And              English, Hindi, Tamil and Telugu         English, Hindi, Marathi and Bengali
     Languages

                             Nick Launched in 1999
                                                                          Launched in 2011
    Launch Date          One of the Oldest Kids Offerings
                                                                  Akshay Kumar - Brand Ambassador
                            Nick Jr. launched in 2012

                                                    24
Kids Genre : Viewership share
       Nickelodeon a dominant leader, and enjoys the #1 rank in the Kids genre

       Viacom18 commands a ~27% viewership across its channels

       In the sub-segment targeting 10-14 boys, Sonic is the #1 channel

                                     Disney
                                    XD, 4.1%      Others,
                                                  24.9%
                                     Sonic,
                                     6.7%
                                                            NICK,
                                                            17.6%
                                      Disney                         Nick
                                     Channel,                        HD+,
                                      14.2%                         0.06%

                                                     Cartoon
                                       Hungama,                     Pogo
                                                     Network,
                                        13.8%                        TV,
                                                       9.2%
                                                                    9.5%

                                                    25
*Source: BARC Q4 FY18
Youth & Music

             Key Demographics
                                               Audience: CS 15- 21, NCCS All, HSM            Audience: CS 15- 30, NCCS All, HSM
                      And                                                                   ‘Non-stop music ka one-stop channel’
                  Positioning

                 Competition

                                                    Focus on Music and Reality Shows like the iconic MTV Roadies, Splitsvilla
                   Content                     Multi Platform Engagement with Youth – Television, Digital, Mobile, Live Events and
                                                                                 Merchandise

                                                        Launched in 1996
                 Launch Date                 One of India’s most enduring, loved and                  Launched in 2017
                                                    rewarded Youth Brands*

                                                                          26
*Source: Internal Company estimate basis various consumer studies
Youth & Music : Viewership share
       MTV is an iconic youth brand, which also enables merchandising and other non-display
        revenue opportunities. MTV India continues to have a strong 28% viewership share.
       MTV Beats (24x7 Hindi Music) was launched in FY17, and has quickly garnered 13.4%
        viewership share, carving a niche in the cluttered space.

                                YOUTH                                    MUSIC

                                                                                9XM,
                         Bindaas           Zoom                     Others,
                                                                                15.7%
                        (Disney),         (Times),                  21.5%
                          29.5%            25.5%
                                                                 MTV                     Mastiii,
                                                                Beats                    19.2%
                                             Zing (ZEE),        +HD,
                        MTV (Viacom18),        16.5%            13.4%
                                                                         Sony    B4U
                            28.4%
                                                                         MIX,   Music,
                                                                        13.8%   16.4%

                                                           27
*Source: BARC Q4 FY18
English Entertainment

                                            Audience: CS 15-40, NCCS AB, Mega Cities
  Key Demographics              (6 metros: Delhi, Mumbai, Kolkata, Bangalore, Hyderabad, Chennai)

    Competition

      Content                                                                      Internationally acclaimed
                      International Music and             Comedy   360O               lineup that is Edgy,
        And                Entertainment              Own ‘Funny’ in India        Contemporary & Gripping.
     Positioning     Own ‘English Music’ in India      ‘Your Happy Place’          ‘New Horizon for English
                                                                                         Entertainment’

    Launch Date           Launched in 2005                Launched in 2011            Launched in 2015

                                                     28
English Entertainment : Viewership share
 Viacom18’s channels dominate the genre with ~60% combined market-share
 VH1 is a genre leader, led by its mix of Music and Entertainment content
 The genre is a niche, and is currently challenged by digital consumption

                                        Others, 3.2%

                                  Zee Café +HD,
                                      9.9%           VH1 +HD
                                                   (Music+GEC),
                            9XO, 7.3%
                                                      19.4%

                               AXN +HD,
                                                   Comedy Central
                                11.4%
                                                     +HD, 22.9%

                              STAR World
                              +HD, 12.2% Colors Infinity
                                          +HD, 13.9%

                                              29
Digital Ventures
                                                                 Viacom18 Digital Ventures

                                                            • Viacom18’s video on-demand platform
                                                              “VOOT” launched in May’16

                                      Content around
 Network Content                         Content
                     1   2                                  • Premium content library of more than
  Large library of                                            60,000 hours spanning Viacom18’s network
                                    NOT Seen on TV
   content from                                               channels (full episodes & exclusive
                                    exclusives for the
     network
                                   network show fans.         content), Kids content and VOOT Originals

                                                            • Crossed 130 Mn cumulative downloads in
                                                              March 2019
   VOOT Kids                         VOOT Originals

 VOOT KIDS –the
      most
                     4   3              Exclusive           • Amongst the top Ad supported VOD apps
                                  Differentiated stories      in the country
comprehensive kids                & shows for the digital
  entertainment                        only viewers
   destination
                                                            • ~50mins viewership time per day per
                                                              viewer on average

                                                            • Forayed into UK in partnership with Virgin
                                                              Media as part of international expansion

                             30
Motion Pictures

                               Viacom18 Studios

    Competition

                  • Acquisition, production, syndication, marketing and distribution of full length feature
                    films within India and distribution of Indian films in several international markets
     Business     • It has a strategic alliance with Paramount Pictures to distribute and market its films in
                    the Indian subcontinent
                  • Viacom18 Studios also forayed into digital content production through the digital brand
                    ‘Tipping Point’

                                                 31
Integrated Network Solutions & Consumer Products

                                                                                   Integrated Network Solutions

                                                                        LIVE provides creative ways of bringing together brands and
                                                                        modern consumers through unforgettable live experiences
                                                                        and original branded content.
                                                                        • VH1 Supersonic saw 65,000+ footfalls in 2019
                                                                        • Pioneering experiential entertainment and building a Music
                                                                          & Entertainment ecosystem

                        Consumer Products

   Viacom18 Consumer Products is a significant player in the ever
   growing consumer products space with its diverse portfolio.
   Through various associations, Viacom18 has cut beyond the
   conventional categories giving the consumers a slice of its brands
   such as MTV, Vh1, Nickelodeon, Comedy Central along with a
   growing portfolio of acquired third party brands.

                                                                  32
Indiacast – Content Distribution and Syndication

        Global
                                                   Domestic
                                                                    Subscription Revenues
     Distribution
        & Reach
                                          1

                                    2
     Device
     agnostic                                                                  Subscription & Advertising
                                               International Business                  Revenues

                                  3
     Linear
     Assets

   Diverse
   content                      4

  Sweat ipr                 5                         New Media         Subscription Revenues

                                 Maximize Revenue | Maximize Reach

Source :Indiacast Media Distribution Pvt Ltd               33
Network18 bouquet – Premium offering at class leading value

                     20 Channels for INR 25 pm

                                    34
DIGITAL NEWS

Comscore multiplatform data - 12 months average (April 2018-March 2019)
                          UV = Unique Visitor
                            PV = Page View

                                   35
MoneyControl (Business and Finance portal)
 Positioned as India’s digital gateway to personal finance, financial investing and business
  news, Moneycontrol strives to stick to its credo – for the investor by the investor
 Currently, Moneycontrol attracts over 5 million unique visitors on desktop and over 16
  million unique visitors on mobile (GA). Above and beyond this, the Moneycontrol mobile
  app occupies pride of place as the number one application amongst its finance/investing
  peers with approximately 4 million unique visitors
 In April 2018 we launched MC Pro – Paid app with Premium content and Ads free. It has
  seen tremendous response with over thousands of subscribed users
 Besides the above highlights, several initiatives have been undertaken and are being
  planned across Product, Technology and Editorial capabilities
                     Moneycontrol                                                           (in mn)

                        The Economic Times

                           Financial Express

                      MONEYCONTROL.COM

                                   LiveMint

                                NDTV Profit

                                                                                            UV    PV
                    BUSINESS-STANDARD.COM

                                               -   50   100   150   200   250   300   350   400

                                                              36
Firstpost
 With its comprehensive coverage on latest trends and thoughtful analysis, Firstpost has
  cemented its leadership position in the Opinion space (differentiated from pure News)
 Exploring various forms of curation, opinion writing, long form and short form offerings
  with insightful analysis and strong commentary, Firstpost is now the one-stop destination
  for content consumption
 Firstpost’s association with leading brands HDFC Bank, Tata Capital, Flipkart, SBI Bank, ICICI
  Bank, Volvo CSR, Maruti, AO Smith, Reliance General Insurance spoke volumes of its
  commitment to deliver novel experiences in content consumption

                               Firstpost                                                     (in mn)

                    THE TIMES OF INDIA

                                NDTV

                         NEWS18.COM

                   INDIANEXPRESS.COM

                       FIRSTPOST.COM

                       THEQUINT.COM

                            SCROLL.IN

                          THEPRINT.IN
                                                                                           UVs   PVs
                               WIRED

                                         0   500   1,000   1,500   2,000   2,500   3,000    3,500

                                                             37
News18 English

 With over 48 million monthly users, News18 English emerged as one of the fastest-growing
  digital platforms
 New18 English now has over 10 million video views on YouTube
 Two new award shows were launched in 2018 — the Reel Awards to recognise story-
  driven, low-budget cinema and rising talents that are mostly ignored by the popular award
  shows

                    News18 English                                                       (in mn)

                   THE TIMES OF…

                           NDTV

                   NEWS18.COM

                 INDIANEXPRESS.…

                  INDIATODAY.IN

                  HindustanTimes
                                                                                             UVs      PVs
                 Times Now News

                                   -   500   1,000   1,500   2,000   2,500   3,000   3,500    4,000

                                                       38
News18 Languages
 News 18 Languages has emerged as a leading player in the Vernacular News market. As of
  today Languages portfolio has eleven sites in Hindi, Assamese, Marathi, Bangla, Gujarati,
  Kannada, Tamil, Malayalam, Telugu, Punjabi and Urdu
 In December the Hindi site leapfrogged over established legacy players like NDTV Khabar,
  Zee News, ABP News and HT group-run Live Hindustan

                     News18 Languages (including Hindi)                                            (in mn)

                 NAVBHARAT TIMES SITES

                               AAJ TAK

                         BHASKAR.COM

                  NEWS 18 VERNACULAR

                             ONEINDIA

                          JAGRAN.COM                                                                    UVs   PVs

                          NDTV Khabar

                                         -   50   100   150   200   250   300   350   400   450   500

                                                              39
Nascent growth engines

Cricketnext
 CricketNext was one of the pioneers of the online coverage of the game in India
 Over the last year, a concerted strategy has been put in place to ensure the platform finds
  greater resonance among fans. The newly designed CricketNext app is a significant step in
  that direction. With several features such as enhanced editorial coverage, an interactive
  stats search engine, eye-catching visual representation of content, photo galleries, player
  & team rankings, videos and podcasts
 CricketNext intends to build on this momentum with its coverage of the IPL and World Cup
  with product enhancements in the pipeline

In.com
 In.com is the latest offering from Network18 and aspires to be a one stop destination for
  celebrity content from all walks of life
 Launched in August 2018 the site is already attracting over 4 Million Unique Visitors and 9
  Million Page Views.
 In addition to its high celebrity-driven content, one of the website’s out-of-the-box
  strategies involves the implementation of a monthly digital cover
 Additionally, in.com has collaborated with major players in the Indian film industry and
  partnered with over 50 movies for the upcoming year.
                                               40
Vision and Strategy
We aim to be a channel-agnostic provider of top-drawer content. Our strategy is to be
present in all key market-segments where we believe profitable growth is possible in the
medium-term. The vision is to consolidate our position as India’s top media house with
unparalleled reach, and touch the lives of Indians across geographies and genres.

                                           NEWS
     National : Grow flagships ahead of market and maintain leadership positions
     Regional : Drive bouquet (6 old + 8 new channels) profitability through viewership
     Create non-display properties (events, awards, etc) which can drive outperformance

                                    ENTERTAINMENT
     Monetize premium positioning and viewership traction of flagship channels
     Enter into more regional markets and incubate segmented offerings
     Create alternate revenue streams (OTT, Experiential, Gaming, Merchandise)

                                     DIGITAL CONTENT
     Emerge as the top digital cluster in the country, and leverage network synergies
     Extend brands into segments which have a coherence with existing content
     Drive engagement through marrying vernacular content with digital delivery

                                             41
Investment: BookMyShow (Entertainment ticketing & Live events)
 India’s leading entertainment ticketing platform, with movie bookings as the prime driver

MULTIPLE STRENGTHS
 Widely acclaimed app and website
 Targeted offers and marketing campaigns to reduce cash-burn, amidst stiff competition
 FY19 saw a 28% growth in transactions on the platform

DIVERSIFIYING BUSINESS
 Impetus into events(sports, live events, stand-up comedy, experiential tours, etc)
 Forayed into content (movie database and ratings, video and radio-style audio content)
 Entered management of cinema F&B through integrations with cinemas
 Launched platform in Indonesia (full-fledged), UAE and Sri Lanka (cricket)

HIGHLIGHTS
 Forayed into Theatrical Events & has successfully managed 3 Seasons of Disney Aladdin
 Managed ticketing for prestigious IPL tournament Season 12 with 4 IPL Teams
 Managed ticketing & operations for Pro Kabaddi League. It was also a ticketing partner for
   4 teams
 Entered into production with world’s largest live entertainment company Cirque Du Soleil &
   brought their show “Bazzar” to premiere in India.
Disclaimer
This presentation is issued by Network 18 Media & Investments Limited (the “Company”) for
general information purposes only and does not constitute a solicitation or offer or invitation to
sell or issue any securities of the Company, nor shall it be relied on in connection with any
contract. This presentation may include statements which may constitute forward-looking
statements such as statements about the strategy for growth, business development, market
position, expenditures, and financial results. However, it should not be relied upon as a
recommendation or forecast by the Company. Please note that the past performance of the
Company should not be considered as indicative of future results. The actual results or
performance of the Company could differ materially from those projected in any such forward-
looking statements. The Company does not undertake to revise any forward-looking statement
made by or on behalf of the Company. None of the Company, its Directors, Promoter or affiliates
or any of their respective employees, advisers or representatives accepts any responsibility or
liability whatsoever, arising in tort, contract or otherwise, for any errors, omissions or
inaccuracies in such information or for any loss or damage suffered, directly or indirectly, from
use of this document or its contents and makes no representation or warranty, express or
implied, for the contents hereof including its accuracy, fairness or completeness . Any opinions or
information expressed in this presentation are subject to change without notice.

                                               43
Thank You

For Further information on business and operations please write to
investors.n18@nw18.com

                                              44
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