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Adlabs Films Limited

Investor Update : Quarter Ended June 2008

July 31, 2008

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Financial Performance Jun 08

Rs. in Crores

  This Qtr Prv Qtr  

Last Year same Qtr  

Period Actuals Actuals QOQ Actuals YOY Exhibition - Cinemas          

Revenue 77.68 44.24 76% 27.40 184%EBIDTA 6.24 5.34 17% 4.54 37%

Motion Picture Processing          Revenue 29.91 20.92 43% 20.26 48%EBIDTA 13.66 8.37 63% 7.92 73%

Film Production & Distribution          Revenue 52.65 4.14 1172% 11.15 372%EBIDTA 7.87 (2.61) 2.61  201%

Television Software          Revenue 16.63 8.63 93% 2.01 727%EBIDTA 3.37 1.72 96% 0.24 1305%

Radio          Revenue 50.87 -   -  EBIDTA (2.14) -   -  

Total from Operations          Revenue 228.97 77.93 194% 13.83 1555%EBIDTA 29.00 12.82 126% (2.25) -1387%

           Other Income ( Net of Exps) 15.31 (14.21) -208% 19.54 -22%           Total          

Revenue 253.58 69.18 267% 80.00 217%EBIDTA 44.31 (1.39) -3286% 34.85 27%

           Interest 21.31 1.14 1764% 1.29 1554%Depreciation 13.42 7.55 78% 3.83 251%           Profit Before Tax 5.46 (10.08) -154% 29.74 -82%Profit After Tax 2.32 4.69 -50% 21.18 -89%

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Highlights

175 cinema screens operational across 67 properties as of date - India’s largest cinema chain

Acquired 51 screens in Malaysia & 6 in Mauritius, planned to be integrated in current year

All India distribution network with offices in multiple locations across India and overseas

Processing lab awarded the Best Cinematography Award as lab for the film Yatra in 54th National Film Awards, 3rd time in a row

Best Processing Lab Award at Zee Cine Award for the film Namastey London, 2nd time in a row

Financial Highlights: Consolidated revenue at Rs. 253.6 Cr The quarter includes the results of the radio operations for the first time, and hence may not be

comparable with the earlier quarters Consolidated EBIDTA at Rs. 44.3 Cr Consolidated PBT at Rs.5.5 Cr after providing for increased depreciation & interest on account of

radio

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Financials Revenue at Rs. 77.7 Cr , up by 76% qoq EBIDTA at Rs.6.2 Cr, up by 17% qoq

Prestigious property signed during the quarter include a megaplex project at Kurla with 15 screens; at Udaipur with 9 screens and Indore with 10 screens

Two prestigious properties Odeon (Delhi) and R Town (Ghatkopar) coming up in the year

Domestic Footprint : 175 screens across 67 properties & total capacity of 67,238

International Foot Print : 200+ screen chain with a nationwide footprint across the US, covering 29 cities including the key

markets in East, Mid West and West Coast 51 screens in Malaysia across 10 properties 6 screens in Mauritius

Cinemas

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Financials Revenue at Rs.29.9 Cr, up by 43% qoq EBIDTA at Rs. 13.7 Cr, up by 63% qoq

Operations 7314 prints processed during the quarter including films - U Me Aur Hum, Krazzy 4, Tashan,

Bhootnath, Sarkar Raj, Mere Baap Pehle Aap, De Taali, Dasavatharam

Processed highest number of prints during the quarter till date

Launched the state-of-the-art DI lab, the first true 4K facility in India. Integrated offerings to clients include Telecine, Digital Opticals, Promo Packaging, Complete DI & Deliverables (Conversion, Scanning, HD Recording & Sub Titling)

Films in DI include Sarkar Raj, Singh is Kinng, Money Hai Toh Honey Hai, Maan Gaya Mughall-e-azam, Heroes, Yavaram Nalam, Poonkh and Alladdin.

Film Services

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Financials Revenue at Rs. 52.7 Cr ; EBIDTA at Rs.7.9 Cr Films released during the quarter include Sarkar Raj & Summer 2007

Operations - Production

Slate of films under production/ release include Vipul Shah’s Singh is Kinng starring Akshay Kumar & Katrina Kaif Supernatural thriller Hindi & Hamil film 13B starring R Madhavan

Operations - Distribution Currently present in territories of Mumbai (Mumbai, Maharashtra & Gujarat) , Delhi (Delhi, UP,

Punjab), Tamil Nadu, Hyderabad, Mysore C P Berar & Rajasthan International Network across US, UK, Europe, Far East, Australia, New-Zealand & Middle East Slate of films for release in forthcoming quarters include Rock On!!, Ghajini, Mera Pind, Hulla,

Karzz, Aashayein, Luck by Chance, Pathshala,Banda Yeh Bindaas Hai, Dulha Mil Gaya and Animation movie Krishna

Content: Movies Production & Distribution

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Content - Television

Financials Revenue at Rs.16.6 Cr, up by 93% qoq EBIDTA at Rs. 3.37 Cr, up by 96% qoq

Operational Highlights 9 shows aired across 7 channels with 161 Hrs of programming Slate of shows include Jiya Jale in fiction, Kya Aap Paanchvi Pass Se Tez Hai , Dus ka Dum and

Bollywood Ka Boss in quiz, Angrezi Mein Kehte Hai in comedy & Bindaas Champ in reality

Outlook in Coming Quarter/s 11 shows lined up across 8 channels Includes fiction, lifestyle, reality, celebrity, games & quiz shows Slate of New shows include

Aap Ki Kachheri with Kiran Bedi on Star Plus 3 Telugu fiction serials on ETV

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Operational Highlights - Radio

Revenue at Rs.50.9 Cr

Current Footprint – License for 45 stations, 44 stations on air, Shimla yet to be launched

Reach - 1,000 towns and 50,000 villages with a total population of approx 200 million

Revenue streams – Advertisement, Digital, Activation and Events

BIG FM rated No.1 Radio Station in Bangalore, Kolkata (from day 1) as per RAM ratings.

BIG FM Hyderabad rated no. 1 as per INDICA research

Launched BIG Bollywood 96.3 FM in Singapore during the quarter

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Never a dull moment

For any clarifications please contact V.Devarajan, Chief Financial Officer, Adlabs Films Ltdemail: venkat.devarajan@adlabsfilms.com