Eros International Plc Corporate Presentation

Eros International Plc Corporate Presentation Jefferies Global TMT Conference May 2014

A Leading Global Indian Film Entertainment Company Leading co-producer, acquirer and distributor of Indian language films globally 2000+ films and digital rights to an additional 700 films 230 new releases over the last 3 years Subtitled / dubbed content in 25+ different languages Average 3 of the top 10 releases in India each year (2010 2012) (1) Multi-channel global distribution in 50+ countries Digital distribution platforms: Eros Now and HBO Asia Strong Financial Track Record Diversified Revenue Mix 3Q FY2014 (2) ($ in millions) Revenue Adj. EBITDA (3) Channel Geography $66.4 $215.3 $32.9 $56.3 Digital 14.8% Theatrical 47.4% ROW 37.2% India 49.5% FY2007 FY2013 FY2007 FY2013 TV 37.8% US 3.7% EU 9.5% (1) 3 of the Top 10 grossing Hindi films in 2010 (Source: BoxOfficeIndia.com); 4 of the Top 10 Hindi films in 2011 (Source: BoxOfficeIndia.com); 2 of the Top 10 Hindi films in 2012 (Source: bollywoodhungama.com) (2) Quarter ended Dec 31 2013 (3) Adjusted EBITDA is defined as EBITDA adjusted for impairments of available-for-sale financial assets, profit/loss on held for trading liabilities (including profit/loss on derivatives) and share based payments 1

Pioneer and Innovator in Indian Film Entertainment Began acquiring international IP rights for Indian content Early adopter of DVD distribution Established global distribution network outside India First to adopt vertically integrated model Launch of channel Digital distribution channels: Asia 1977 1981 1982 1998 1999 2006 2007 2008 2010 2013 Launch of first digital Bollywood TV network (1) First Indian media company to list on SVOD agreement with Comcast Listed EIML on the AIM Ayngaran Tamil acquisition and Nov 13 (2) Eros lists on (1) Eros currently has a 24% stake in B4U (2) Eros delisted from LSE AIM market and commenced trading its A ordinary shares on the NYSE 2

Key Investment Highlights Global Leader in Indian Filmed Entertainment with Leading Box Office Market Share (1) Largest Indian Content Library of Films & Music with 2,000+ Films Unparalleled Global Distribution Network High Growth Indian Domestic Media & Entertainment Market with Structural Upside Portfolio Approach & Pre-Sales Strategy Diversify and Accelerate Cash Flow New and Library Content Distributed through New Digital Platforms, Eros Now and HBO Asia (1) 3 of the Top 10 grossing Hindi films in 2010 (Source: BoxOfficeIndia.com); 4 of the Top 10 Hindi films in 2011 (Source: BoxOfficeIndia.com); 2 of the Top 10 Hindi films in 2012 (Source: bollywoodhungama.com) 4 out of top 10 Hindi releases in first 9 months 2014. 3

Established Brand with Leading Market Share Average 3 of the Top 10 Releases in India Each Year (2010 2012) (1) U.S. (5) $23.3m (2) $16.5m (2) $8.8m (2) $25.7m (3) $24.5m (3) $19.3m (3) 2010 2012 Box Office $14.5m (3) $20.4m (4) $19.8m (4) Viva 8% Reliance 9% Yash Raj 17% Fox RJ 3% 4% Reliance 6% Yash Raj 19% Fox 4% UTV 20% Other 13% UTV 15% U.K. (5) Eros 43% Eros 40% 2012 Share (5) Leading market share No. 1 over the last 30 years (1) 3 of the Top 10 grossing Hindi films in 2010 (Source: BoxOfficeIndia.com); 4 of the Top 10 Hindi films in 2011 (Source: BoxOfficeIndia.com); 2 of the Top 10 Hindi films in 2012 (Source: bollywoodhungama.com) (2) Rupees converted to USD at 45.72 using average exchange rate in 2010 (Source: BoxOfficeIndia.com) (3) Rupees converted to USD at 46.66 using average exchange rate in 2011 (Source: BoxOfficeIndia.com) (4) Rupees converted to USD at 53.43 using average exchange rate in 2012 (Source: BoxOfficeIndia.com) (5) Market share data based on gross box office collections (Source: Rentrak) 4

India: High Growth with Attractive Fundamentals One of the Fastest Growing Economies (1) Projected GDP growth CAGR (2012 2017E) 6.4% 6.0% 2.9% 2.4% 2.1% China India Brazil US UK A Young Nation (2)...with Attractive Market Fundamentals Median age (years) 40 37 36 30 27 Growing Middle Class UK US China Brazil India Increasing Discretionary Income (1) Source: Deutsche Bank Nov 13: Business Monitor International (2) Source: Deutsche Bank Nov 13: CIA World Factbook 5

Media & Entertainment Market Projected to Grow at 15% ($ in billions) 12 17 CAGR $27 $23 $4 19.7% $20 $4 $3 11.5% $15 $13 $2 $2 $2 $2 $4 $4 $6 $7 $17 $3 $2 $4 $8 $3 $2 $5 $10 $3 $5 $12 $5 $14 8.7% 18.0% 2012A 2013E 2014E 2015E 2016E 2017E Television Print Film Other (1) Source: FICCI-KPMG Report 2013; Rupees converted to USD at 62.58 Other includes radio, music, out of home, animation & VFX, gaming and digital advertising segments 6

Expanding Theatrical Market Should Benefit Eros India is a Highly Underpenetrated Market (1) Fueling Growth in the Indian Film Industry (2) 117 Theater screens per million population ($ in billions) Indian film industry revenue outlook 77 45 30 12 $3 US France Germany UK India with Increasing Multiplexes & Ticket Prices (2) $2 Number of films with box office revenue > 1bn Rs (~$15mm) 9 5 1 2 2009A 2010A 2011A 2012A (1) Source: India Entertainment and Media Outlook 2011, PWC (2) Source: FICCI-KPMG Report 2013; Rupees converted to USD at 62.58 2012A 2017E 7

Indian TV Market is Underpenetrated With Strong Potential Current Low Television Household Penetration (1) is Expected to Fuel Growth in the Indian TV Industry (2) 98% As of 2011 90% ($ in billions) $14 61% China Brazil India $6 $4 $2 2012A Advertisement revenue $10 $4 2017E Subscription revenue Willingness to Pay for Content (2)...is Supported by Favorable Viewing Preferences (2) (in millions) Indian Pay-TV subscriber base Percentage of viewing time spent 182 42% 130 24% 75+% 10% 6% 2012A 2017E Hindi GEC + Movies Regional Channels Kids + Music News (1) Source: FICCI-KPMG Report 2012 (2) Source: FICCI-KPMG Report 2013; Rupees converted to USD at 62.58 8

Eros International Market Opportunity Attractive and Sizable International Market Across 50+ Countries (1) Established distribution markets Developing + recently opened markets 1.2B India s population (2) 193M Pakistan s population (2) Select target growth markets Germany Russia China Japan Korea Taiwan Indonesia Global Opportunity Global demand for Bollywood content Large South Asian diaspora Expanding International Markets Dubbed content in 25+ languages Significant demand in Europe and Southeast Asia Arrangement with local distributors to target theatrical, TV and DVD releases Additional Monetization Opportunities Technology penetration and proliferation of distribution channels (1) Source: The Migration and Remittances Factbook 2011 (2) Source: CIA World Factbook 9

Successful Multi-Platform Content Monetization Model New Release Content (1) Co-production: 20 year exclusive distribution rights + perpetual copyrights Acquisition: 5 20 year rights Library Content 2,000+ films and digital rights to an additional 700 films Attractive multi-platform rights Music / Theatrical TV Syndication Digital SVOD / VOD Ancillary Publishing In-flight entertainment Ringtones DVDs Radio Hotels Note: Companies shown above are a selection of the Company s relationships (1) Typical terms for new release content 10

Content Strategy Mitigates Risk and Maximizes Cash Flow Disciplined Greenlighting Process Digital Distribution Channels: HBO Asia, Eros Now Co-Production & Acquisitions Content Bundling Maximizes Exploitation Portfolio Approach by Film Budget, Genre & Language Maximize Cash Flows & Library Value Low P&A Costs Pre-Sale Focus: 25% 77% of Hindi Film and >100% of Tamil Direct Production Costs (1) (1) For major films released in fiscal 2013. Major ( high budget ) films refer to Hindi films with direct production costs in excess of $8.5 million and Tamil films with direct production costs in excess of $7.0 million 11

Maximize Monetization Through the Release Windows Eros generates revenues across all phases of the film release cycle Indian theatrical and DVD release windows are short Limited DVD market exposure Stable sources of revenue including HBO Asia collaboration and Eros Now Pre-Sales Window (Theatrical, TV, Music) Digital Exploitation DTH Pre-Prod / Planning / Casting / Scripting Principal Photography Post- Production / Completion Music Release Theatrical Release (TR) Satellite TV Licensing DVD Distribution Eros Library Ancillary 18 months before TR 12 months before TR 6 months before TR 3 months before TR TR 1 month from TR 3 months onwards 1 year onwards Note: Source: Typical timeline for major films. Major ( high budget ) films refer to Hindi films with direct production costs in excess of $8.5 million and Tamil films with direct production costs in excess of $7.0 million Company filings 12

Strategic HBO Asia Collaboration Provides Significant Upside 154 million TV Households (1) 4.4% 2012 2017 CAGR 130 million Pay TV Subscribers (1) 7.0% 2012 2017 CAGR Rising ARPU (1)(2) $5.37 in 2012 11.6% 2012 2017 CAGR $5.9 billion TV Market 18.0% 2012 2017 CAGR Upside Potential for Content Monetization Asia Two Premium Channels Premium Ad-free Window Premium Content Launched two premium television channels in February 2013 HBO Defined HBO Hits Available in HD and SD Available on DTH and multiple cable platforms Creates a new first in India movie window Release window between feature film run and satellite syndication Premium ad-free model also a first in India New release and library films from Eros Hollywood film and TV content from HBO Asia Content audio-synched into local languages (1) Source: FICCI-KPMG Report 2013; projected CAGR from 2012 2017 (2) Rupees converted to USD at 62.58; ARPU represents average revenue per user 13

Eros Now: The Netflix of Bollywood x Spotify x Hulu x itunes Low Internet Penetration Proliferation of (1) Internet in India India (10%) vs. China (36%) and U.S. (81%) Growing Internet Users (2) 210 million users in 2013 23.3% 2012 2017 CAGR Large Mobile Audience (3) 870 million subscribers in 2013 4.0% 2012 2017 CAGR Over 500 Movies and 3,000 Music Videos Available On-Demand Multiple Channels Ad-Supported Multiple Internet Connected Devices YouTube Channel with 1.6 billion Views and Over 1.3 million Free Subscribers (1) Source: The Internet s Impact on India 2012, McKinsey (2) Source: Telecom Regulatory Authority of India: The Indian Telecom Services Performance Indicators: 11th February, 2014 (3) Source: Business Monitor International 14

Key Financial Highlights Strong Track Record of Revenue and EBITDA Growth Multi-Channel Distribution Diversifies Sources of Revenue Investment in Content Drives Growth Strategy Conservative Balance Sheet 15

Strong Revenue Growth Accelerated by Film Mix ($ in millions) Major Films $66 $24 $21 $157 $165 $150 $47 $46 $47 $113 $28 $61 $33 $64 $53 $52 $46 $50 $57 $206 $51 $64 $91 $215 $40 $74 $101 6 in FY2013 5 in FY2014 (2) Digital & Ancillary Television Theatrical $172 $163 $29 $31 $37 $65 $95 $78 $21 FY'07 FY'08 FY'09 FY'10 FY'11 FY'12 FY'13 Major Films 1 2 2 3 3 5 6 Total Films (1) 28 63 91 111 77 77 77 Dec. 2012 12 Dec. 2013 13 9 months ended 6 3 66 41 Note: (1) Total films includes regional films and films with overseas rights (2) Scheduled / anticipated for release 16

Investment in Film Content Investment in Film Content Key Cost Components ($ in millions) $187 Primary cost drivers Content amortization costs $130 $138 $149 Administrative costs historically (1) 12% 15% of revenue Content spend of $180m projected for FY2014 Amortization Policy $82 FY'09 FY'10 FY'11 FY'12 FY'13 Note: FYE March 31 (1) Includes years FY2007 FY2013 Stepped amortization over a 10-year period for new content Significant portion of content costs amortized in the first year; remainder amortized equally over 9 years Majority of content costs amortized in the quarter of theatrical release and the subsequent quarter Slate amortization impacted by film release timing (July December skew due to Indian holidays) Content acquired post theatrical amortized equally over 10 years or remaining life 17

Solid Track Record of Profitability ($ in millions) ($ in millions) Adjusted EBITDA (1) Net Income (2) 9 months ended 9 months ended $33 $48 $54 $54 $60 $67 $56 $47 $67 $29 $40 $41 $42 $48 $44 $34 $27 $31 FY'07 FY'08 FY'09 FY'10 FY'11 FY'12 FY'13 Dec. '12 Dec. '13 FY'07 FY'08 FY'09 FY'10 FY'11 FY'12 FY'13 Dec. '12 Dec. '13 % margin 49.6% 30.9% 34.2% 35.7% 36.1% 32.4% 30.3% 29.0% 39.0% 44.0% 25.2% 26.1% 28.3% 28.9% 21.1% 15.6% 18.8% 15.5% (1) Adjusted EBITDA is defined as EBITDA adjusted for impairments of available-for-sale financial assets, profit/loss on held for trading liabilities (including profit/loss on derivatives) and share based payments (2) Company filings 18

Conservative Balance Sheet ($ in millions) Actual 12/31/13 Cash $141 Debt $262 Net Debt $121 Adj. EBITDA (1) $67 Strong liquidity $167.5m unsecured RCF maturing in 2017 No significant long-term debt maturities until 2016 (1) Adjusted EBITDA is defined as EBITDA adjusted for impairments of available-for-sale financial assets, profit/loss on held for trading liabilities (including profit/loss on derivatives) and share based payments Source: Company filings 19