1. September 2011

2. Network18 : Overview 2 2

3. Network18 – India’s Fastest Growing Media Company
A US$ 600MM Media Company - 73% Revenue CAGR Over The Last 6 Years
Leadership In The Broadcasting Business
Riding The Digital Wave…
2011+
Building The Entertainment & Digital Businesses
Entry Into New Spaces – Films, Home Shopping
Launched Our News Business

4. Network18 – Market Leading Businesses
News
Entertainment
42% Of Group Revenue, USD 256MM Business Built In Three years
#1 Across Genres : General Entertainment, Youth Entertainment, Kids And International Music
Firmly Entrenched In The Film Production And Distribution Business
At USD 127MM is 21% Of Group Revenues, Our Oldest Business
Undisputed Market Leader In Both English And Hindi Business News – Credited With Creating The Business News Category In India
#1 In English News
Formidable Presence In Hindi News
Digital Content and eCommerce
Allied Businesses
Contributes 15% Of Our Revenues Currently – USD 91MM
B2B Local Search Business
Premier Special Interest Publications
Network Services
Contributes 22% Of Our Revenues Currently – USD 133MM
India’s Oldest And No. 1 Financial Portal
No. 1 Indian Portal
India’s First 24 Hour Home Shopping Network And Undisputed Market Leader In Multi –Channel eCommerce
India’s Largest Transaction Engine For Booking Tickets Online – Movies, Plays. Sporting Events
* Revenues above reflect Managed Revenues: Total revenues managed by the group without adjustment for ownership

5. Network18 – Leadership Across Traditional And New Media
TV Broadcasting
Indian Digital Media
Monthly Unique Visitors in MM
Network 18
Star
Network18
Sony
Zee
Times Group
Rediff
NDTV
Times
UTV
Others
Zee ,HT, NDTV, Others
Source: Nielsen TAM Data –2011 Market Share in HSM - Genres Where We Operate
Source: Comscore World Report –2011

6. Network 18: Rapid Growth In Managed Revenues
USD Million
CAGR – 73%
* Managed Revenues: Total revenues managed by the group without adjustment for ownership 6 6

7. Network 18: Successful Partnerships With Global Giants
Leading Global Entertainment Content Company
Recognized World Leader In Business News
50:50 JV - Entertainment
Business News
World's Leaders In News And Information Delivery
World’s Leading Business Magazine
English News
Magazine Publication
Leaders In Factual Entertainment
World’s Leading Home Shopping Network
Factual Entertainment
Home Shopping 7 7

8. Network18 : Optimized Structure
Promoters
58.01%
Network18 (Listed)
Digital Content
E18, Sport18, Capital18, Setpro18
Newswire18
BookmyShow
70%
TV18 (Listed)
59.07%
Viacom18
IBN Lokmat
50%
60%
Sun18 Media Services North
100%
Web18
eCommerce
Homeshop18
51%
AETN18
51%
Allied Businesses
Infomedia18
48% 8 8 8

9. TV18: Leader In News And Entertainment
Business News
General News
TV18
Entertainment
Factual Entertainment 9

10. TV18 – India’s Largest News Network…
Our Revenues Are The Largest…
…And So Are Our Operating Profits
All figures in INR Crores – FY11
Dominant Market Share in Business News
CNN IBN is a Market Leader in General English News
Source: TAM, Market Share, TG: CS AB Male 25+, Market: All India Time Period: 1st Apr’10– 31st Mar’11, All Days hrs
Source: TAM, Market Share, Market: All India – CS AB 15+

11. TV18: News Financial Summary
Note: Segmental Nos. are on a pro forma basis. 11

12. TV18 – Profitable And Market Leading Entertainment Franchise…
Viacom18 Has A Strong Portfolio Across Genres…
…And is on a Profitable Growth Trajectory
Hindi General Entertainment
Youth Entertainment
International Music and Lifestyle
Kids Entertainment
All Values in INR Crores
Colors leads in Prime Time Market Share…
…And Attracts the Largest Numbers of Eyeballs
Source: TAM; Hindi Speaking Markets; TG: CS 4+; FY2011: Prime Time Share hrs, All Days

13. TV18 – Colors : India’s General Entertainment Channel of Choice
Holistic Programming Strategy Across Reality, Movies and Fiction
Successful Reality Shows…
World Premiere on Colors was the most successful ever
Fiction Shows Continue to be Prime Time Slot Leaders

14. TV18: Financial Summary
* Q1 Nos. are Reviewed – Segmental Nos. are on a proforma basis 14

15. TV18: Growth So Far Driven By Advertising Revenues …
Our Advertising Revenues Reflect Market Share…
…But, Subscription Revenues Lag Peers
US$ MM
Zee (29 channels)
Network 18 (9 channels)
Advertising Revenues as % of Total Revenues

16. New TV18: Now Structurally Aligned To Drive Subscription Revenues
Earlier
Current
News Channels
part of this bouquet
Entertainment Channels part of this bouquet
India’s Highest GRP Delivering Bouquet With 33 Channels : Network 18, Sun TV And Disney
Vertical Integration Into Distribution Will Translate To Transparent Pricing And Higher Realization
Channel Split Across Two Bouquets : Colors Free To Air At Launch
Lack Of Control Led To Opaque Pricing And Low Realization

17. TV18 : Will Benefit From The Substantial Growth In Subscription Market Ahead
Pay TV (DTH/Digital Cable) Is Growing Rapidly In India…
…And Will Double Over The Next Five Years To $8B
Share Of Broadcasters And Pay TV Will Grow Faster 67
DTH Subs in Millions
6 players with deep pockets 64 45
Projected Subs
5 times
Actual Subs
Our estimates
Digitization Will Be A Key Driver Of TV18 Profitability In The Near To Medium Term

18. Digital Content and eCommerce
Network18: An Integrated Media Company
Digital Content and eCommerce
Network18
Allied Businesses
59%
News
TV18
Entertainment 18 18 18

19. Digital Media: The Next Growth Driver In India
India Is A Significant Digital Market Already…
…And Will Be Reminiscent Of The Telecom S-Curve
Affordable handsets and lifetime free prepaid
3G Services launched on large scale
National Telecom Policy – 99 announced
Policy for additional licenses and TDSAT
Source :Morgan Stanley Presentation
Source :Industry Estimates

20. Network18 :Building Strong Digital Assets For The Future
Integrated Digital Proposition
Content
Commerce
Local*
Largest Indian Content Portals
Largest Indian Professional Financial Information Solution
Largest Indian Home Shopping Business
Largest Indian Ticketing Portal
Largest Print Directory Search Business being synergised with an online proposition
* Reported as part of our Allied Businesses Segment

21. Network18 : Financial Summary
Note: Segmental numbers are on a proforma basis.

22. Network18 : Key Financials At A Glance

23. Network18 Group: Net Debt Position Table
All figs in INR crores
Gross Debt
Cash & Equivalents
Net Debt
Jun-11
Mar-11
Mar-10
Network18
2,091
1,773
2,111
828
773
1,251
1,263
1,001
860
TV18
846
551
472
175
220
257
671
330
215 23 23

24. Network18 and TV18 – Summarizing Value
Amount in INR Crores
TV18
Network 18
Financial Performance
FY11**
FY11
Revenues
1,110
1,484
EBITDA
135 48
Q1 FY12
266
363 25
(15)
Market Data
Market Cap *
1,470
1,355
Net Debt
671
1,263 EV
2,141
2,618
No. of Shares (in MM)
362.12
142.65
Share Price (INR) *
40.60
95.00
Note: *As on 5th September, 2011
** FY11 for TV18 is on a pro forma basis

25. Summary – The Network 18 Opportunity
India’s Fastest Growing Media Company With Leadership In Television And Digital
Optimized Structure And Focused Business Model
Focused On Value Creation For All Stake Holders After A Strong Investment Phase 25

26. Disclaimer
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