Films Limited

Investors Presentation : Quarter ending December 2008

January 30, 2009

About Adlabs

Adlabs Films Limited, a member of the Reliance Anil Dhirubhai Ambani Group, is India’s fastest growing film and entertainment services company.

Adlabs has a dominant and comprehensive presence in Film Services: Motion Picture Processing and DI, Film Restoration, Digital Mastering, Studios and Equipment rentals.

Adlabs Films also operates India's largest cinema chain with about 400 screens spread across India, US and Malaysia. It has a significant presence in the film distribution space with a nationwide presence across India as well as offices in London, New York, Los Angeles and Malaysia.

Adlabs’ television venture, Synergy Adlabs, is among the top players in the television programming industry.

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Highlights for the Quarter Operational

 428 screens as of date : 190 screens in India, 171 in US, 61 in Malaysia, 6 in Mauritius  Record-breaking successful distribution of

Ghajini

in overseas markets  Produced category

Aap Ki Kachehri – Kiran Bedi Ke Sath

on Star Plus, rated No.1 in non-fiction

Financials

 For 9 months period ended December   ’08: Revenue from Operations at Rs.548 Cr , yoy increase of 84% EBIDTA from Operations at Rs.87 Cr, yoy increase of 91%  For quarter ended  Dec’08 Revenue from Operations at Rs.164 Cr , yoy increase of 60%  EBIDTA from Operations at Rs.18 Cr, yoy increase of 8% Approval from shareholders at EGM on Jan 22, 2009 for demerger of radio business effective April1, 2008 3

Financials

Period Exhibition - Cinemas Motion Picture Processing Film Production Television Software Total from Operations Oct Dec'08 Oct Dec'07 YOY

Revenue EBIDTA Revenue EBIDTA Revenue EBIDTA Revenue EBIDTA 101.12

5.26

37.56

11.10

28.42

0.37

4.55

1.34

42.39

6.84

24.32

7.83

35.22

0.03

11.76

2.03

139% 54% 42%

PE Dec'08 Financials

Rs. in Crores

PE Dec'07 9 Months YOY

143% 267.82

16.41

105.40

39.63

151.47

23.45

34.97

7.84

110.39

17.54

66.31

25.92

127.66

0.02

15.12

2.33

59% 53% 19% 131% 237%

Revenue EBIDTA 163.60

18.08

101.94

16.74

60% 8% 547.89

87.33

297.43

45.81

84% 91%

Other Income ( Net of Unallocated expenses)

Total

Revenue EBIDTA Interest Depreciation/ Amort Profit Before Tax

Profit After Tax

9.43

194.88

27.51

17.94

13.73

-4.16

-5.27

34.10

129.45

50.84

8.43

5.92

36.49

21.72

51% 113% 132% 6.92

611.10

94.25

44.52

25.29

24.44

17.17

67.82

375.34

113.65

14.97

14.80

83.88

63.94

62% 197% 71% 5

Film Exhibition

Cinemas : India & Overseas

     428 screens as of date : 190 screens in India, 171 in US, 61 in Malaysia, 6 in Mauritius In line with Reliance ADA brand Group’s philosophy of a single monolithic consumer entertainment “BIG”, all Adlabs cinemas re-branded BIG cinemas from October 28, 2008 Adlabs Cinemas awarded “International Exhibitor of the Year 2008” by CineAsia 2008 at Macau in December 2008; First Indian Company to receive this award   India Cinemas account for 12-15 % of Hindi Box office collections US Cinemas account for 25-35% of Hindi Box office collections and over 50% of Tamil Box office Collections Third largest cinema operator in Malaysia Revenues increased by 139% yoy at Rs.101 cr 7

Film services

Processing & Digital Intermediate Lab Processing Lab

  8,334 prints at Mumbai, Chennai and Kolkata Films in the quarter including and

Ghajini Yuvraaj ,Golmaal Returns, Fashion, Rab Ne Bana Di Jodi, Dostana

 Films in the upcoming quarter including

Victory, Chandni Chowk To China, Raaz 2, Horn OK Please, Pathshala, Billu Barber, Delhi 6, Dev D

among others

DI Lab

 Films include

Yuvraaj, The President is Coming, Hello, Heroes

and

Kidnap

 Over 40 films signed up for forthcoming quarters including

Rectangular Love Story, Roshan

and

Shoe Bite Delhi 6, Alladin, Yavaram Nallam,

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Mechanical effects : Studios and equipment Equipment Rentals : Lights, Cameras, Grips

 Have established presence in TV broadcasting over the last 1 year as a premium service provider  Expanding the operations to cover film cameras as an integrated service offering  Shows in the current qtr include :

Nach Baliye 4, Raju Hazir Ho Oye! Its Friday, Hello Kaun Pehchan Kaun, Laughter Knights,

and events like

Awards, The Triumph Show, Delhi Half Marathon Rock on for Humanity, Indian Telly Awards, ITA

 Shows in the upcoming qtrs include :

Jhalak Dikhhla Ja 3, Arre Deewano Mujhe Pehchano, Knights & Angels, ET Corporate Awards, Standard Chartered Mumbai Marathon, Great Women Achievers Awards, NDTV Telethon

among others  

Studio

 Over 200,000 sq ft with 7 sound stages of international style being developed at Film City in Mumbai Designed to support a mix of film and TV content Will be operational in phases from October ‘09 onwards 10

Lowry Digital at Los Angeles & Digital Cinema Lowry Digital

 Completed

The Curious Case of Benjamin Button

, which was nominated for 13 Oscars; 11 BAFTA awards & 5 Golden Globe Awards  Currently working on George Lucas’

Star Wars: Phantom Menace

& Disney’s

Snow White

 Completed restoration of the classic film

The Robe

Festival in October - introduced by Martin Scorsese which premiered at the Rome Film

Digital Cinema

 Crossed the milestone of over 15,000 successful shows in the true 2K Digital Cinema format  Preferred service provider for all digital mastering in 2K, over 50 Hindi films done  International work include Warner Brothers

The Mystery Continues Chandni Chowk to China

& Sony BMG

Raaz –

 Supplying Digital prints to PVR, Inox, Fun, Fame etc.

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Thank you

Please contact : V.Devarajan, CFO, email: [email protected]

Mobile: +91 93 2008 6278