#1Sun TV Network Limited The Sun never sets in the South ! JUNE 2018 SUN NETWORK 1#2Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the Directors and Management of Sun TV Network Ltd. (STNL) about its business and the industry and markets in which it operates. " These forward-looking statements include, without limitation, statements relating to revenues and earnings. The words "believe", "anticipate", "expect", "intend", "estimate "project" and similar expressions are also intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of STNL and are difficult to predict. Consequently, actual results could differ materially from those expressed or forecast in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risk. STNL does not undertake to update these forward-looking statements to reflect events or circumstances that may arise after publication. 2#3Sun TV Network Business Verticals ■ Television Broadcasting ■ FM Radio Broadcasting ■ Movie Distribution/Production SURYAN 93.5 FM RADIO superhits RED FM 93.5 Bajaate Rahol ■ SunRisers - Hyderabad - IPL Franchise SUNRISERS SUN PICTURES ■ Sun NXT - Online Video Streaming Platform SUN NOT 3#4Corporate Structure 98.18 % subsidiary Sun TV Network Limited (Satellite Broadcasting, FM Radio, Production, Entertainment) 59.44 % subsidiary Kal Radio Ltd (Radio) 18 FM Radio licenses Focused on southern cities 6 more FM Stations in pipe line in Batch-2 of Phase-III South Asia FM Ltd (Radio) 28 FM Radio licenses Focused on Northern, Eastern & Western parts of the country 7 More FM Stations in pipe line in Batch-2 of Phase-III Divisions of STNL Strategic alliance with RED FM (Radio) 48.9 % beneficial interest 5 FM Radio stations - Mumbai (2), Delhi, Jodhpur and Kolkata. 1 more in pipe line in Srinagar Sun Pictures (Movie Distribution /Production) Sun Risers Hyderabad (IPL Franchise)#5Presence across genres in 4 States with 33 channels State/Language Channels General Entertainment Tamil Nadu / Tamil Andhra Pradesh & Telangana / Telugu GEMINI Karnataka / Kannada Kerala/ Malayalam UDAYA SURYA Movies KTV GEMINI MOVIES UDAYA MOVIES News NEWS Music Kids MUSIC GEMINI NEWS GEMINI MUSIC CHUTT TV US HITV Comedy (ஆதித்யா UDAYA NEWS UDAYA MUSIC GEMINI COMEDY UDAYA COMEDY GEMINI MVHD High Definition MUSIC GEMINI TMOVIES HD KTVHD GEMINI MUSIC HD Life SÜN LIFE GEMINI LIFE SURYA MOVIES SURYA MUSIC KOCHU TV SURYA COMEDY UDAYA SURYA HD HD LO 5#6India Overview SUN NETWORK 00 6#7South Indian States have particularly strong fundamentals Tamil Nadu Area in Sq. Km (Rank): Population (Rank): Urbanization%: GDP in USD (Rank): 130,058 (11) Andhra Pradesh + Telangana Area in Sq. Km (Rank): Population (Rank): Urbanization%: 72 mn (7) 48% 149 B (Top 5 states) GDP in USD (Rank): 275,045 (4) 84.6 mn (5) 33% 145 B (Top 5 states) FDI Inflows ('00-'15) in USD: 17.9 B Literacy Rate (%): Language: Capital city: 80.33 Tamil Chennai Official Government Website: tn.gov.in Karnataka Area in Sq. Km (Rank): 191,791 (8) Population (Rank): 61 mn (9) Urbanization%: 39% GDP in USD (Rank): 107 B (Top 10 states) FDI Inflows ('00-'15) in USD: 17.5 B Literacy Rate (%): Language: Capital city: 75.60 Kannada Bangalore FDI Inflows ('00-'15) in USD: 10.4 B Literacy Rate (%): Language: Capital city: 67.03 Telugu Hyderabad Official Government Website: ap.gov.in and telangana.gov.in Kerala Area in Sq. Km (Rank): Population (Rank): Urbanization%: GDP in USD (Rank): 38,863 (21) 33.4 mn (12) 48% 60 B (Top 15 states) FDI Inflows ('00-'15) in USD: 1.2 B Literacy Rate (%): Language: Capital city: 93.91 Malayalam Thiruvananthapuram Official Government Website: karnataka.gov.in Official Government Website: kerala.gov.in Source: Population, Urbanization% and Literacy data - Census 2011; GDP data - Planning Commission and Ministry of Statistics and Program Implementation; FDI Inflows data - Department of Industrial Policy and Promotion; Area, Language, Capital City and Govt. website data - Wikipedia 7#8Television Broadcasting in India 00 8 SUN NETWORK#9Indian broadcasting market has tremendous growth potential ■ Pay TV in India witnessing strong growth and is likely to keep growing organically, since it is only at 60% penetration¹ Bucking the stagnant / declining trend in linear pay TV in developed nations TV And Non-TV Subscriber Households In The US 200 In Millions TV Non-TV No. of subscribers (India) 180 160 97.4 97.6 97.6 97.5 97.2 96.9 96.5 96.2 140 120 40 Millions 37 34 100 26 31 80 3 6 19 45 29 25 40 29 4 44 55 76 78 79 74 60 20.1 20.4 20.9 21.5 22.8 24.1 25.5 26.8 37 55 80 84 87 90 40 75 74 69 68 70 65 20 41 2010 2011 2012 2013 2014 2015 Source: Convergence Consulting 2016 2017 BI INTELLIGENCE 1 - Number of Pay TV households in India - 149 Mn, Number of total households in India as per Census 2011 - 248 Mn Source: US Pay TV subscriber data from Business Insider; India data from FICCI Media Report 2018 5 2010 2011 2012 2013 2014 2015 2016 2017 2018E 2019 E 2020E Analogue Cable Digital Cable DTH 9#10TV Revenues driven by Advertising and Subscription 2017 (India) TV Advertising spends Rs 267 bn Accounts for ~ 40% of total ad-spends in India driven by Hindi & Regional ad-spends ❖ Entertainment genre continues to be the largest ad spend driver followed by news and sports ✰ Emergence of "Targeted advertising” through Niche channels 2020P (India) TV Advertising spends Rs 368 bn TV Distribution market Rs 393 bn Currently revenues concentrated with last mile Digitalization will ensure broadcasters to claim their legitimate share in the near future ✰Alternate distribution platforms to fuel growth DTH, CAS, HITS, IPTV *Overseas subscription → continues to offer a huge untapped growth opportunity TV Distribution market Rs 494 bn Regional Broadcasters all set to benefit from increasing focus of national advertisers on India's rising rural consumption and from digitalization of TV distribution space Source: KPMG / FICCI Media Report 2018 10#11South India TV Broadcasting growing at rapid clip Enviable Viewership Share South Indian Channels accounted for ~30-32 % share of total viewership Fast growing Ad market Addressable ad market pegged at Rs ~60 billion, growing at a fast pace South Indian Channels enjoy significant share of total ad revenues Regional TV in the South strongly backed by Regional / Local advertisers along with National advertisers Large Subscription Revenue Potential South India has over ~60 mn households, with C&S penetration of 83% Digitization to enhance addressability of distribution market - a strong fillip to total subscription revenues Source: FICCI Media Report 2018, Market Estimates 11#12Overview of individual South Indian markets (Sun Network is well distributed across these 5 states) Tamil Nadu Total Households: 18.5 Mn TV Households (Penetration): (93%) Major Active Tamil Channels: 51 GEC: 17 Movies: 3 Music: 11 News: 13 Others: 7 Andhra Pradesh & Telangana Total Households: 20.9 Mn TV Households (Penetration): (81%) Major Active Telugu Channels: 36 GEC: 4 Movies: 6 Music: 3 News: 13 Others: 10 Karnataka Total Households: 13.5 Mn TV Households (Penetration): (82%) Major Active Kannada Channels: 30 GEC: 7 Movies: 3 Music: 3 News: 12 Kerala Total Households: 8.1 Mn TV Households (Penetration): (90%) Major Active Malayalam Channels: 28 GEC: 8 Movies: 2 Music: 2 News: 9 Others: 5 Source: Total Households, C&S Households and C&S Penetration - FICCI Media Report 2018 /Television - Market Estimates; Others: 7 12#13SUN NETWORK Sun TV Network's TV Broadcasting Business: Present 13 13#14Dominant Leadership in South Indian TV market….. Largest TV Network in South India; also the largest regional TV Network in India Sun TV is the most watched channel in India today¹ Largest in South India by penetration, viewership & ad revenues Dominant market share in each of the states Airs assortment of fiction and non-fiction content mixed with movies across channels 1 All India Aggregate Weekly Viewership ¹ Rank Channel Name Weekly ratings sum (000's) 1. Sun TV 1003545 2. Zee Anmol 734663 3. STAR Bharat 732669 4. Sony Pal 656749 5. Zee TV 600263 Source: 1 BARC Ratings for All India (Urban + Rural India), Period: Q4 FY 18. (Week 1 to 13, 2018) TG: All NCCS 2 Yrs 14#15...Achieved Through Sound Business Practices ■ Committed to staying ahead of the curve Innovation and leadership One of the first Regional GE channels in country to adopt HD Forged early partnerships with OEMs to pre-load Sun TV app on their devices Segmenting the addressable market, ahead of digitization Established presence across key Pay TV genres that are likely to grow - Eg: Kids, Comedy, Action Investments in state of the art technology Strategic and Long-term Content Partnerships Exclusive contracts with leading content producers; an ecosystem that is fiercely loyal A formidable movie library with perpetual and exclusive rights Prudent Business Practices Tight control on content costs; extremely conservative on leverage Reorienting content production in line with new opportunities. 15#16Strident Growth in Advertising Revenues... Advertising Revenue TV remains the medium of choice for large advertisers in India Increasing trends of higher ad spends in the South, driven by high per-capita income in South India Leading to consistent growth for Sun TV's Ad Revenues Language Tamil Telugu Ad market size (Rs bn) 20.0 11.0 Kannada 8.0 6.0 45.0 Malayalam Total Sun TV Ad Revenues Source: KPMG / FICCI Indian Media and Entertainment Industry Report 2015 /Television / Market Estimates (Rs bn) 14 13.1 CAGR 6.5% 12 12.10 11.4 11.7 10 9.7 10.5 9.5 10.7 8 7.9- 10 6 4 2 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 16#17...As well as in Subscription Revenues C&S Digital Over 60% share of Subscription revenue from South India accrues to Sun TV Network Language households cable DTH (mn) Analog (mn) (mn) (mn) TamilNadu 18.44 4.17 4.95 9.32 Andhra Pradesh & 18.02 11.02 4.69 2.31 DTH penetration is increasing at rapid pace Telangana Karnataka 11.38 6.25 4.28 0.85 Revenue opportunities from the South Indian diaspora Kerala 7.65 4.77 2.80 0.08 in overseas markets being further tapped Total 55.49 26.21 16.72 12.56 (Rs Bn) Sun TV Subscription Revenue 14 12 10 7.5 8 6.6 5.9 9 5.3 4.5 2.9 4 3.3 3.7 3.9 1.8 3.0 2.0 2.1 2.3 2 2.1 1.6 1.4 1.6 0.6 0.7 0.8 1.0 1.2 1.4 -1.4 1.6 1.7 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 ■DTH Revenue ■Pay Channel Revenue Source: FICCI Media Report 2018 /Television - Market Estimates Overseas Income 17#18Expanding Global Footprint aiding Subscription revenues Rogers Cable,Bell & Sun TV Network Europe Canada Echostar -Dish,, IPTV, Yupp TV, Vision Media, Google Ireland LOther Americas Paid subscriber base of over ~0.4 mn in overseas markets Scandinavia Denmark Finland Sun TV Network Europe Limited, Yupp TV Norway Sweden Western Eurone UAE - Gulf DTH & Yupp Eastern Europe North Africa - Yupp TV Multichoice Africa TV Sri Lanka - MTV, Dialog TV & Srilanka Telecom South Africa Yupp TV & Sun TV Network Europe Asia Myanmar - Shwe Than win Media Malaysia -Measat Singapore -Measat South Pacific New Zealand - Yupp TV Australia & Sun TV New Zealand 18#19SUN NETWORK Sun TV Network's TV Broadcasting Business: Future 19 19#20Subscription Revenues will be key driver of growth In mature South Indian Markets, twin opportunities: Digitization + Growth in Pay TV ARPUS Digitization will grow the addressable TV audience, improving subscription revenue realization India's Pay TV ARPU among lowest in the world; Increase in ARPUs will further reduce dependence on advertising, ensuring growth even in times of wider economic stagnation 10 do % 100 80 60 40 40 20 0 Digital penetration of Pay TV subscribers India's pay TV ARPU less than most countries' 100 100 100 99 % Subscribers 80 90 Pay TV ARPU (USD) 77 60 go 57 40 28 20 80 71 56 16 20 0 Hong Malaysia Singapore Indonesia Japan Sri Lanka Thailand. India India China Malaysia Thailand Brazil UK USA Kong Source: Credit Suisse report titled, India Media Sector, dated April 16, 2013 Source: PWC-CII Media Industry report 20 20#21FM Radio Broadcasting SUN NETWORK 21 24#22India's Largest FM Radio Network Subsidiary and Associate Companies Kal Radio Limited and South Asia FM Limited ■ 55 stations operational 7 stations under Brand Suryan FM in Tamil Nadu 49 stations under Brand Red FM in the Rest of India 93.5 SURYAN FM RADIO 14 more licenses in Phase III and work in progress ■ Strong Revenues from the Metro stations Metro stations account for largest % of total Radio Revenues ■ Well poised in mini metros Future growth to be driven by mini metros superhits RED FM 93.5 Bajaate Raho! 22 22#23India's Largest FM Radio Network With a Pan India Footprint Jammu Amritsar • Chandigarh Delhi Gangtok Jaipur ⚫Lucknow Sitigun Jodhpur • Kanpur Allahabad •Varanasi Guwahati Shillore Ahmedabad Bhopal Jabalpur Aizwal Rajkot Vadodara Indore Jamshedpur Red FM Kolkata Nagpur Mumbai Pune NashilSura urangabad Gulbarga Hyderabad, Rajamundri Bhubaneshwar Warangal Vizag Vijaywada Tirupati Bangalore Chennai Mangalore Mysore Pondicherry Kannur Coimbatore Kozhikode Thrissur •Tiruchy Madurai Kochi Tirunelveli Tuticorin Thiruvananthapuram 55 FM Radio Stations operational in all important cities and towns in India & 14 stations in pipeline 23 23#24• India's Largest FM Radio Network With a Pan India Footprint – 55 Stations Tamil Nadu, Andhra Pradesh & Telangana Chennai - - 13 Coimbatore • Hyderabad . • • Madurai Pondicherry Rajahmundry Tirupati Tirunelveli • Trichy Tuticorin Warangal • Vizag · Vijayawada Karnataka & Kerala - 9 • Bangalore • Cochin • . • Gulbarga Kannur Kozhikode • Mangalore • Mysore • Thrissur • ⚫ Trivandrum West - 12 • Ahmedabad • Aurangabad • Jaipur • Jodhpur • Nagpur • Nasik • Pune • Rajkot • Vadodara • Surat • Mumbai (2 Freq) North & East - 21 • • Allahabad . Asansol . Bhopal . Bhubaneswar • Delhi Gangtok Guwahati Indore Jabalpur • Jamshedpur Kanpur Kolkata Lucknow • Shillong Siliguri Varanasi Aizwal Patna Chandigarh Amritsar Jammu • 24 24#25India's Largest FM Radio Network The 15 Stations which are under progress are given below :- ☐ Sun TV Network Ltd - Chennai - 2nd frequency □ Kal Radio Limited - Salem, Erode, Vellore, Hyderabad 2nd Frequency, Hubli-Dharwad, Nellore. ☐ South Asia FM Limited - Jhansi, Muzzafarpur, Dhule, Nanded, Leh, Agartala, Dehradun ☐ Digital Radio Delhi Broadcasting Ltd - Srinagar 25#26Sun TV Network's Radio Broadcasting Business Well poised to exploit the Radio Renaissance Increasing share of Radio in total ad pie Current share of Radio in total ad pie at ~ 4.5% compared to global average of ~8% Cost effective medium SMEs and local advertisers to drive growth Share of regional advertisers to increase Share to increase from current ~40% to global average of ~60% Phase III to facilitate penetration into tier II & tier III cities Increased national reach, Mumbai II, Jodhpur, Srinagar, & a few more are being added. Positive regulatory reforms to further accelerate growth Content restrictions to be liberalized Ownership of multiple licenses in same city Infrastructure sharing between stations 26#27Sun TV Network Business Verticals - A Recap TV Broadcasting India's No 1 TV Broadcaster FM Radio Broadcasting India's largest private FM player Movie Distribution / Production One of India's largest Corporate Movie Distribution / Production houses SunRisers Hyderabad - IPL Franchise - An opportunity to blend the India's most loved and watched Game of "Cricket" with Media & Entertainment. Winners of IPL 2016 Season. Runners up of IPL 2018 Season. Sun NXT - Online Video streaming platform 27 22#28FINANCIALS SUN NETWORK 28#29Standalone Financial Summary - Audited (Rs Crores) Financial Year 2017-18 2016-17 2015-16 2014-15 2013-14 2012-13 Particulars Advertising Revenue Telecast Fees 1,309.33 1,172.10 1,210.71 1,136.09 1,067.04 1,049.67 85.79 99.54 110.03 114.64 127.34 143.61 Subscription 1,308.57 1,115.88 958.84 875.72 769.45 615.10 (Analogue + DTH + Overseas) Other Revenues 158.76* 170.73* 124.40* 117.17* 132.95* 9.24 Total Revenues 2,862.45 2,558.25 2,403.98 2,243.62 2,096.78 1,817.62 Total Income 3,002.10 2,703.80 2,511.27** 2,331.45 2,175.99 1,872.64 EBITDA 1,958.48 1,736.97 1,708.48 1,614.21 1,461.71 1,376.89 EBITDA % 68% 68% 71% 72% 70% 76% PROFIT AFTER TAXES 1,093.04 979.41 867.25** 737.23 716.96 683.34 (PAT) PAT % 36% 36% 35 % 32% 33 % 36 % EPS in Rs. (FV Rs.5.00) 27.74 24.85 22.01** 18.71 18.19 17.34 Capital Employed 4,330.90 3,769.69 3,530.58 3,401.76 3,197.77 2,921.29 * Other Revenues includes income from IPL. 29 ** Includes Extraordinary amount of Rs 17.97 Crs & EPS of Re. 0.46 per share#30Standalone Financials EBITDA Total Revenues (Rs bn) (Rs. bn) 25.0 81 80 Q0 (%) 81 35.0 28.62 20.0 30.0 21.0 25.58 76 24.0 25.0 19.2 18.2 22.4 15.0 15.6 20.0 -17.6 10.0 14.0 15.0 13.8 70 14.6 10.0 5.0 5.0 NH 76 0.0 72 71 71 68 68 16.1 19.6 17.4 17.1 66 0.0 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 -EBITDA Margin (RHS) EBITDA (Rs bn) Profit after Tax (PAT) (%) ROCE & RONW (%) 12.00 50 60 60 39 48 10.00 38 36 35 36 36 40 41 38 33 32 40 8.00 40 37 39.2 36 34 37.63 7.72 30 35 6.00 25 08 25.24 6.94 20 20 28 24 25 25 23 4.00 6.83 10.93 7.17 9.79 10 2.00 7.37 0 8.67 0.00 0 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 ROCE -RONW PAT --PAT MARGIN (RHS) FY12 - Impacted by one time income from the film Enthiran and reorganization of TN analog cable network & FY14 - Impacted by first year IPL losses FY16 - PBIT includes extraordinary amount of Rs. 17.97 crs. ROCE=PBIT/Average Capital Employed; RONW = PAT/Average Net worth 30#31Consolidated Financial Summary - Audited Financial Year 2017-18 2016-17 2015-16 2014-15 2013-14 2012 - 13 Particulars Advertising Revenue Telecast Fees 1,411.90 1,261.57 1,380.51 1,289.35 1,194.38 1,155.46 85.79 99.54 110.03 114.64 127.34 143.61 Subscription 1,308.57 1,115.88 958.84 875.72 769.45 615.10 (Analogue + DTH + Overseas) Other Revenues 156.76* 168.73* 120.40* 115.67* 132.45* 8.83 Total Revenues 2,963.02 2,645.72 2,569.78 2,395.38 2,223.62 1,923.00 Total Income 3,105.29 2,799.52 2,698.38** 2,494.29 2,310.23 1,995.21 EBITDA 2,003.76 1,769.84 1,774.20 1,677.24 1,508.04 1,409.14 EBITDA % 68% 67% 69 % 70% 68 % 73 % PROFIT AFTER TAXES 1,135.41 1,030.66 913.38** 782.04 748.01 709.56 PAT % 37% 37% 34 % 31 % 32% 36% EPS in Rs. (FV Rs.5.00) 28.81 26.15 23.18** 19.84 18.98 18.01 Capital Employed 4,441.70 3,807.15 3,814.11 3,518.80 3,255.39 2,939.05 * Other Revenues includes income from IPL. ** Includes Extraordinary amount of Rs 17.97 Crs & EPS of Re. 0.46 per share 31#32Consolidated Financials EBITDA Total Revenues (Rs bn) (Rs. bn) 25.0 35.0 78 20.0 77 30.0 29.6 25.0 15.0 25.7 26.5 15.8 73 20.0 24.0 20.1 22.2 15.0 18.5 19.2 10.0 14.1 14.0 10.0 5.0 5.0 0.0 0.0 FY11 FY12 FY13 FY14 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 EBITDA (%) 81 70 NH 20.0 76 ☑ 71 69 17.7 17.767 68 16.8 T 99 66 FY15 FY16 FY17 FY18 --EBITDA Margin (RHS) (Rs bn) Profit after Tax (PAT) ROCE & RONW (%) (%) 11.35 12.00 37 38 37 60 36 37 36 49 10.00 36 41 38 37 39.17 34 40 8.00 40 36 34 37.36 34 6.00 55 35 27.15 26.03 7.70 31 32 20 29 24 27 27 4.00 6.93 7.09 24 10.31 7.48 30 2.00 9.13 0 0.00 28 7.82T FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 PAT FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 --PAT MARGIN (RHS) FY12 - Impacted by one time income from the film Enthiran and reorganization of TN analog cable network & FY14 - Impacted by first year IPL losses FY16 - PBIT includes extraordinary amount of Rs. 17.97 crs. ROCE RONW ROCE = PBIT/Average Capital Employed; RONW = PAT/ Average Net worth 32#33The Journey Since Last Decade Total Income grew at CAGR of 10.65% Advertising Income grew at CAGR of 8.62% 1309.3 3500.0 (Rs. Crs) 1400.0 3002.1 (Rs. Crs) 1136.1 1210.7 1172.1 3000.0 2500.0 2703.8 1200.0 1049.7 1067.0 2511.3 2331.5 970.2 945.4 2176.0 1000.0 1970.5 1831.6 1872.6 788.7 2000.0 800.0 1437.5 572.8 1500.0 - 1091.5 600.0 1000.0 400.0 500.0 200.0 0.0 0.0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 PAT grew at CAGR of 9.60% 1093.0 1200.0 979.4 1000.0 867.3 772.2 694.7 800.0 683.3 717.0 737.2 567.4 600.0 437.1 400.0 200.0 0.0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY12 - Impacted by one time income from the film Enthiran and reorganization of TN analog cable network & FY14 - Impacted by first year IPL losses Shares of the Company were listed on 24 April 2006 in NSE and BSE 33#34Dividend Payout % 1200 1000 800 600 400 - РАТ ■ Dividend 437.1 867.2 85% 772.2 737.2 735.2 716.9 694.7 683.3 72% 567.4 529.3 63% 64% 61% 61% 52% 401.5 435.1 435.7 438.0 344.9 26% 200 115.3 0 FY09 FY10 FY11 Dividend Payout = Dividend + Dividend Distribution Tax 979.41 Rs. Crs 1093.04 48% 43% 474.31 474.32 FY12 FY13 FY14 FY15 FY16 FY17 FY18 34 =4#35JUNE 2018 Thank You 35 35 SUN NETWORK