UTV Software Communications Limited

Antique Media and Entertainment Conference, Mumbai

January 6, 2009

InteractiveMovies Television Broadcasting New Media

2

UTV business segments

TV Content Broadcasting GamingMovies New Media

� Hindi

� Regional movies

� Hollywood

� Animation

� Slate of over 45 movies

� Worldwide distribution

� Full Studio Model

� Own TV Content Production

� Content Production Joint Ventures

� Sponsored Blocks

� Console

� Mobile

� Online

� Publisher +IP Creators

� Worldwide market

� Network of the future

� 3 strong segments

�Youth

�Movies

�Business

� Web/Mobile integral part

� Own distribution network

� Worldwide Syndication

Strategy

Stay consolidated to have value creation across all 5 verticals in one Company for aligned shareholder interest…

� Internet

� Digital

� Mobile

� Segments

�Music

�Entertainment

�Business

�Technology

� Portals

� UTVi.com

� Bindass.com

�utvatplay.com

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� 9 Months FY09 revenue of Rs. 4,681 mn, up by 86% yoy

� Positioned as one of leading and fastest growing Media and Entertainment

company in India – One of the top 5 companies in terms of scale

� Growth possible due to diversified yet synergistic business model

� Unique positioning as compared with most of the diversified Companies

focused on Broadcasting model - Content + Distribution + IP + Platform

� A Unique play in this part of the world

� Promoter interests fully aligned in media to this one listed vehicle only

A quick look at this fiscal…

4

UTV Team

Board of Directors

TV Content Motion Pictures Broadcasting Interactive New Media

COOCEO

COO, Spotboy

COO, Development

COO, Development

ED/CEO

CEO Bindass

COO, Movie channels

CEO

MD, Ignition

MD, Indiagames

CEO

CEO

Disney - 3Promoters - 3Independent - 6

Group CFO

CEO, True Games

Employee strength of 1,000 across all five verticals

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Result Summary

Achieved almost 100% of

FY08 revenues in 9M FY2009

Rs. Millions FY2008 9M FY2009

Revenues 4,342 4,251

- TV 1,006 1,013

- Movies 2,424 1,887 - Games Content 956 707

- New Media - 143

- Broadcasting - 548

Less: Inter segment (44) (47)

FY08 9M FY09

Segment Result 829 312 19% 7% - TV 180 45 18% 4% - Movies 556 543 23% 29% - Games Content 93 (48) 10% -7% - New Media - (27) 0% -19% - Broadcasting - (200) 0% -37%

PAT 777 878

Net Margins 18% 21%

Capital Employed 7,270 16,514

- TV 342 401

- Movies 4,465 8,248

- Games Content 1,093 2,712

- New Media - 349

- Broadcasting - 3,135

- Unallocable 1,369 1,669

* FY2008 numbers are audited

EBITDA Margins

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Results Comparison

Consistent growth reported Y-o-Y

571

91

735

176

1,244

231

1,947

271

1,452

251

1,786

328

1,622

299

0

200

400

600

800

1000

1200

1400

1600

1800

2000

Rs

. M

illio

n

1Q08 2Q08 3Q08 4Q08 1Q09 Q209 Q309

Revenue PAT

FY2008 FY2009

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What sets us apart

Non replicable

model

Combination of our 5 verticals & its positioning and

partners gives us a 5 year head start for anyone to

replicate at this scale over 5 verticals.

Content Focus Most of the Multi play models are either “Platform” or

“Distribution” OR “Infrastructure” focused; While UTV’s

origin and focus is “Content” first and then owning or

controlling distribution platforms for the Content we Create

or Aggregate.

Intellectual Property IP being created and retained in all our verticals.

Strong value creator for the future and a robust annuity

model.

Top end of the value

chain

Except for TV Content, all our businesses have a direct

connect with the consumer.

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What sets us apart

Global Footprint In Gaming - World is our market

In Movies - 26 to 30 countries day & date release

In Broadcasting – Migrant Population & Platforms like

IPTV and DTH spread worldwide

In Web & Digital – The world

Leadership Position In all our businesses

Already there OR will be there soon

Growth through

M&A’s

We understand and have a track record which very few

others have and have proven integration and growth of the

same

Global Partner like

Disney

Disney Committed to high growth and value addition in all

5 verticals.

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� Total investment of Rs 10 billion over a period of 2 years into the

company – largest investment in part of the world

� Not just a financial investment – Disney committed to drive growth,

synergies and significant value addition in all 5 business verticals

� Its evident by ABC News exclusive alliance with UTV News in just 10

days after announcement

� Disney distributed Tare Zameen Par home video in International markets

for UTV

� UTV to exclusively distribute all Disney releases in India

… and this is just the beginning

Disney Connect

10

Some more identified areas of synergies in short term

� Indian Movie co-productions

� Worldwide DVD distribution & TV Syndication of Indian Movies

� Disney/ABC: Best TV Formats; JV for Indian market

� International distribution for our channels

� Combining Disney channels in India on our distribution platform

� Access to their retail and franchise chain in India for Bindass

� Examining synergies in gaming – publishing and distribution of our

original IP

Disney Connect

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Revenue distribution among verticals

New Media

3%

Gaming

19%

Movies

47%

TV

19%

Broadcasting

12%

New Media

4%

Broadcastin

g

11%

TV

10%

Movies

43%

Gaming

32%

2009E 2010E

Gaming

22%

Movies

55%

TV

23%

2008A

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Best revenue mix among the media companies in India

Revenue Streams Contribution

1 Advertising (A&S and Broadcasting) 18%

2 Box Office 18%

3 Home Video & Music sales 8%

4 Broadcasters (TV Content & Movie syndication) 35%

5 Telcos (Gaming) 10%

6 Retail (Gaming) 11%

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Shareholding Structure

Promoters

23.3%

Open offer

22.7%

Public

16.7%

Disney

37.3%

Promoters

32.3%

Open Offer

20.0%

Public

14.8%

Disney

32.9%

Eq. Share – 34.2 million

(Pre Warrants Conversion)

Eq. Share – 38.7 million

(Post Warrants Conversion**)

Key Shareholders

Notes:

1. Warrants conversion expected by November 2009

2. Open Offer shares are non-voting shares, Promoters have an option to buy back from Disney within 4 year period

Market Cap on expanded equity is around Rs. 9.5 billion

�The Walt Disney Company � DSP Blackrock �Reliance Capital

� Fidelity � Alliance Bernstein �Templeton

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Television

� Air Time Sales

� We remain largest on the Sun Group

� Complementing model with our own productions

� Boost TV content portfolio

� Content in reality and Comedy genre – achieved significant QoQ growth

� Preferred programmer on our broadcasting network

� JVs with well known talent in TV industry

A very stable model positioned as one of the Top 2 players in the

space

15

UTV Motion Pictures

� Positioned as # 1 studio in the Industry today

� Best positioned to ride the downturn with as many as 45 movie

pipeline in various stages of production

� Proven abilities to distribute movies across over 32 countries day

and date

� Multiple movie talent relationships with renowned directors and

actors

� Our core competence:

� Talent identification and then empower them

� Content – Cutting edge yet very commercial

� Marketing – very innovative

� Scale & consistency

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Movie release and pipeline

� Movies released during FY2009 - Kismat Konnection, Aamir, Mumbai Meri Jaan,

Wednesday, Welcome to Sajjanpur, Fashion, Oye Lucky Lucky Oye, Dev D

� Upcoming slate for next 12 months

Name of Movies Exp Release Director / Cast

Dev D Q4 FY09 Abhay Deol, Introducing Mahi Gill & Kalki

Delhi 6 Q4 FY09 Abhishek Bachchan, Sonam Kapoor -dir. by Rakeysh Mehra

Dhoondte Reh Jaaoge Q4 FY09 Kunal Khemu, Zayed Khan, Soha Ali Khan, Celina Jaitley,

Kissan Q1 FY10 Sohail Khan, Arbaaz Khan, Jackie Shroff, Dia Mirza

Main aur Mrs. Khanna Q1 FY10 Salman Khan, Kareena Kapoor, Sohail Khan

Kaminay Q1 FY10 Shahid Kapoor, Priyanka Chopra

Yahoo Q1 FY10 Shahid Kapoor

Ali Baba & the 41 thieves Q1 FY10 Animation film directed by Soumitro Ranade

What's your Rashee? Q2 FY10 Priyanka Chopra, Harman Baweja

Aage se Right Q2 FY10 Shreyas Talpade, KK Menon

Peter Gaya Kaam Se Q2 FY10 Rajeev Khandelwal

Rajniti Q3 FY10 Ranbir Kapoor, Ajay Devgan, Katrina Kaif

Pan Singh Tomar Q3 FY10 Irrfan Khan

Seasons Greetings Q3 FY10 Shreyas Talpade, Tabu, Sohail Khan

Delhi Belly Q3 FY10 Co-produced with Aamir Khan with ensemble cast

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Broadcasting

� The best “Specialty” and “Genre” segment in India

� – No 1 Hollywood channel

� – No 1 Youth channel

� – Unique positioning

� – Synergistic with UTV Motion Pictures

� Only bouquet to have pay channels from day one (excluding established Star,

Zee & Sony)

� Robust syndication model – in Content & taking Channels worldwide

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Broadcasting – Going forward

� Focus on Digital & Pay market - 1 channel in ONLY digital mode

� Re-modeled investment plan

� Down from Rs. 650-700 crs to Rs 460 crs

� Rs. 360 crs already invested (UTV – Rs. 240 crs & Disney – Rs. 120 crs)

and

� Additional Rs. 100 crs

� Loss projection scaled down

� FY2009 (8 months): From Rs. 50 crs to Rs. 30-32 crs

� FY2010 (12 months): From Rs. 75 crs to Rs. 30 crs

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� Presence across all gaming distribution Platforms

� Console (Ignition)

� Mobile (Indiagames)

� Online (True Games)

� Key markets

� For consoles: USA/ UK+EU/ Japan

� For mobile: USA/ India/ APAC

� For online: USA/ emerging markets (Brazil, Turkey, etc.)

� Activities

� Original IP Creation

� Acquisition and publishing of IP

� IP creation hubs currently in London, Florida, Mumbai and Tokyo

� We are multiplatform and have 3 large IP’s under production in console gaming and

three in True Games

� Business growing rapidly despite the current business environment – Indiagames

reported a Q-on-Q growth of 20% in Q3FY09

Games Content

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� Presence across all new media distribution platforms – Web & mobile

� Strong verticals

� Business - UTVi.com

� Technology - ITNation

� Entertainment (UTV’s broadcast + movie assets) and (Acquisition of

15,000 songs including regional catalogues) – launching shortly

� Distribution & Alliances with telco’s worldwide

� Formidable presence from year 1 due to synergy with all our

Content + Distribution pipelines + Channels

� Recent releases like Jodha Akbar and Singh is Kinng has been

monetised well through this platform

New Media – Web/ Mobile

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Outlook

� UTV is best positioned to survive this “storm” as compared to its

peers

� Low dependence on the advertising revenues reduces potential

impact

� Well diversified business portfolio - Leadership position in each

segment is the objective

� Geographic diversification – more than 30% revenues from

overseas markets in FY10

� Engrained synergies with global partners / shareholders

� Constantly evaluating value unlocking opportunities across verticals

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Thank You

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Corporate Structure - Appendix

UTV Software Comm. Limited

UMP Plc IG Interactive

Ent Ltd

UTV Comm, Mauritius

Ignition Ent, UK

Indiagames Ltd

UTV Global Broadcasting

GENX

UTV Entertainment Television

100% 75%

59%

70%

77%

United New media Ventures

Ltd

100%

100%

ITNation Media Pvt. Ltd

76%

UTV Television

100%

100%

100%

UTV Games Mauritius

100%

True Games Ltd

80%