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Investor Presentaiton

Indian 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
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