CORPORATE PRESENTATION

January 2016

DISCLAIMER

Safe Harbor: - Some information in this report may contain forward-looking statements. We have based these forward looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as “believe”, “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will” or other similar words. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith, and we believe that they are reasonable in all material respects. However, we caution you that forward-looking statements’ and assumed facts or basis almost always vary from actual results, and the differences between the results implied by the forward-looking statements and assumed facts or bases and actual results can be material, depending on the circumstances. You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as of the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward-looking statements in this report after the date hereof. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in multiplex business due to the entry of new players, including those factors which may affect our cost advantage, lack of good quality content, onset of new technologies such as DTH, IPTV and increasing penetration of Home-video, which may impact overall industry growth, wage increases in India, real estate costs increases, delay or failure In handover of properties from real estate developers, the success of our subsidiary companies, withdrawal of entertainment tax exemption granted by government and general economic conditions affecting our industry. In light of these risks and uncertainties, any forward-looking statement made in this report or elsewhere may or may not occur and has to be understood and read along with this disclaimer. Others: In this report, the terms “we”, “us”, “our”, “PVR”, “PVRL” or “the Company”, unless otherwise implies, refer to PVR Limited (“PVR Limited”) and its subsidiaries, PVR Pictures Limited, PVR Leisure Limited, Zea Maize Pvt Ltd.

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COMPANY OVERVIEW

109 Theatres

44 Cities

491 Screens

66 Million Guests

India’s largest cinema chain

Leadership position in India with approx. 30% share of

Hollywood Box Office and approx. 20% share of Bollywood Box

Office

4.5 mn sq.ft of operational retail space, another 3 mn sq.ft under

development

INR 15,978 million in revenue1

INR 2,909 million in EBITDA1

[1] Based on trailing 12 months from Sept 30, 2015

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INDIA – A HIGH GROWTH BOX OFFICE MARKET

Movie going is the number 1 entertainment option for people in India

Largest number of movies released in the world (1,000 movie releases and over

1.9 billion movie goers annually) 1

Domestic box office collections contribute almost 3/4th of the film industry

revenue2

[1]CRISIL Research Report May, 2015 [2]KPMG FICCI Report 2015 5

Source: MPAA Theatrical Market Statistics Report 2014

Source: KPMG FICCI Report 2015

Industry is projected to grow @ 10% CAGR in next 5 years

6th Largest movie market in the world

INDIA – A HIGH GROWTH BOX OFFICE MARKET

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Under screened market with huge potential for growth

Modern day Multiplexes are growing & single

screens are shutting down

Source: KPMG FICCI Report 2015

Source: KPMG FICCI Report 2015

INDIA – A HIGH GROWTH BOX OFFICE MARKET

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PVR

Diversified Product

Offerings Strong Location

& Product Strategy

Cutting Edge Technology

Best in class concessions

Leader in Ad revenues

Comfort & Convenience

Premium guest

experience

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OUR KEY STRENGTHS

DIVERSIFIED PRODUCT OFFERINGS

Caters to Tier 2 & Tier 3 markets

Hygienic environment with basic facilities

Premium seating

7.1 Dolby Surround System

4k digital projection with 3D screens

Comfortable seating, with wider legroom

Mainstream cinema with latest amenities

7 Star movie experience along with fine dining

One of a Kind movie experience

Luxurious comfortable Reclining seats

Gourmet menu with live kitchen

Intended for an audience who desire a great, exclusive experience

Total 491 Screens

4 Screens

19 Screens

79 Screens

369 Screens

20 Screens

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STRONG LOCATION AND PRODUCT STRATEGY

“A+ Site” real estate locations providing

competitive advantage

Anchor tenant in more than 50% of top 20

Malls in India

4.5 mn sq.ft. of existing real estate with another

3 mn signed for future rollout

Opened 27 screens, 30-35 more expected to

open in FY15-16

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CUTTING EDGE TECHNOLOGY

100% Digital Screens using 2K DCI compliant projectors

Largest partnership with IMAX in India

Currently 3 screens operational

2 more IMAX installations in next 24-36 months

7.1 Dolby surround sound,4k digital system with 3D

Provide patrons with an enhanced audio-visual experience

DIGITAL SCREENS

IMAX

Enhanced Cinema Experience - ECX

DOLBY ATMOS

Largest partnership of Dolby Atmos in India

Highest 3D installations in India.

All properties are 3D enabled

3D Technology

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BEST IN CLASS CONCESSIONS

Enhanced F&B offerings

Highest F&B spend per patron

40 46 53

64 71

FY11-12 FY12-13 FY13-14 FY14-15 H1 FY15-16

F&B Spend per patron (INR)

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BEST IN CLASS CONCESSIONS

Huge potential for growth

PVR

25%

28% 29%

32%

36%

39%

FY11 FY12 FY13 FY14 FY15 H1 FY16

F&B Spend Per Head as a % of Average Ticket Price

27% 31% 34% 51% 47%

59%

CJ CGV MajorCineplex

Cineworld Regal AMC Cineplex

F&B Spend Per Head as a % of Average Ticket Price

Data: Company Financials (9 months CY15)

International Chains

USA Canada UK Korea Thailand

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531 654 859

1,517 1,771

FY10-11 FY11-12 FY12-13 FY13-14 FY14-15

Advertisement Revenue (INR Mn)

LEADER IN ADVERTISEMENT REVENUES

Premium brand recognition leading to pricing premium

Partnership with multiple brands across sectors

Advertisement revenues 2X of the nearest competitor

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837 737

918

765

H1, FY15-16 H1, FY14-15 H1, FY15-16 H1, FY14-15

Comparable Total

H1, FY2015-16 (INR Mn)

20% 14%

COMFORT AND CONVENIENCE

Recliner Seats

Mobile App

Movie calendar

QR Code - paper less ticketing

Select and reserve your seat

Pre-book F&B

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+100% price premium over normal seats

33% of total seats sold online representing 40% of Box office

PREMIUM GUEST EXPERIENCE

Past was about Quantity…

Future is about Quality…

Guest focused innovations

Improving productivity of existing assets (Refurbishment)

Maximizing Revenue/EBIDTA per guest

Focus on free cash flow and shareholder value

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H1, FY15-16 PERFORMANCE SNAPSHOT - CONSOLIDATED

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[1] Exceptional item include loss on write off of cinema under construction during the period ended June 30, 2015.

Revenue Mix

Expenditure Mix (% of Total Revenues)

Sponsorship Revenues

9%

Other Operating Income

2%

Cost of Food & Beverages

7%

Repair & Maintenance 3%

Box Office 57%

F&B 26%

Other Businesses 5%

Other Income 1%

Film Hire Charges 23%

Personnel Expenses

9%

Rent 16%

Electricity & CAM

11%

Other Expenses 8%

Particulars (INR Mn) H1 Consolidated

FY 2015-16 FY 2014-15 Growth

Income 9,606 7,612 26%

Expenses 7,576 6,491 17%

Operating Profit 2,030 1,121 81%

Operating Margin 21.1% 14.7% 6.4%

Other Income 103 18 466%

EBITDA 2,133 1,139 87%

EBITDA Margin 22.0% 14.9% 7.0%

Depreciation 590 596 -1%

EBIT 1,543 543 184%

Finance Cost 424 386 10%

PBT before Exceptional item 1,119 156 616%

Exceptional Item1 (33) 0 0%

PBT after Exceptional item 1,087 156 595%

Tax 91 0 30167%

PAT 996 156 538%

14,875

9,709 9,036 6,121

FY14-15 H1 FY15-16

Revenues (INR Mn)

PVR INOX

2,099 2,133

1,310 1,239

FY14-15 H1 FY15-16

EBITDA (INR Mn)

PVR INOX

32

21 24 16

FY14-15 H1 FY15-16

Revenue per screen (INR Mn)

PVR INOX

4.5 4.5 3.5 3.2

FY14-15 H1 FY15-16

EBITDA per screen (INR Mn)

PVR INOX

SUPERIOR FINANCIAL PERFORMANCE VS COMPETITION

PVR outperforms the industry 18

65%

59%

60% 72%

43% 29%

32%

33%

SUPERIOR OPERATING PERFORMANCE VS COMPETITION

59 38 41

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FY14-15 H1 FY15-16

Admits (Mn) & Occupancy (%)

PVR INOX

177 185

164 167

FY14-15 H1 FY15-16

Average Ticket Price1 (INR)

PVR INOX

64 71 55 57

FY14-15 H1 FY15-16

F&B Spend per patron (INR)

PVR INOX

1,687

918 815 421

FY14-15 H1 FY15-16

Advertisement Revenues (INR Mn)

PVR INOX

31% 25% 38%

33%

PVR outperforms the industry 19

44% 30%

8% 11%

118%

107% 25% 16%

[1] PVR ATP includes 3D Glasses upcharge

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HIGHEST ADMISSION PER SCREEN ACROSS THE WORLD

INTERNATIONAL PEERS

Cinema Chains ADMISSIONS (000) SCREENS ADMISSIONS PER SCREEN (000)

PVR 66,007 477 138

US & MEXICO

Regal 220,000 7,367 30

AMC 187,00 4,960 38

Cinenmark 264,000 5,676 47

Carmike 50,056 2897 20

Cinepolis 116,900 3,000 39

ASIA

Major- Thailand 29,718 479 62

CGV- Korea 101,000 833 121

EUROPEAN

Cineworld- UK 82,900 1875 44

Odeon and UCI Cinemas-UK 78,500 2,227 35

Figures for International chains are based on CY 2014

Figures for PVR are based on Trailing 12 months from 30th Sept, 2015

PVR PICTURES - SUBSIDIARY

Leading independent distribution company in India which has got a pan-India distribution network

Distributed more than 100 international and Indian films in the past 3 years

Company owns the entire distribution rights for international films distributed in India

PVR Pictures to be pure play distribution company

To Focus on Hollywood /Bollywood independent films distribution

Film Distribution also acts as a strategic arm to support the

Exhibition Business by bringing Independent Hollywood Films

to Indian Market

Dabbled in Film Production in the past but decision taken

to close down the same 21

A 51:49 JV with Major Cineplex Group of Thailand

Positioned as a premium leisure and entertainment destination

Presently have 6 bowling centers with 125 lanes across 5 cities in

India

A perfect combination of trendy nightclub experience, fine

music, F&B and state of the art bowling

PVR bluO - SUBSIDIARY

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Chairman & MD Mr. Ajay Bijli Established PVR in 1995 Over 20 years of experience in the movie exhibition industry Recognized as the Pioneer of the multiplex industry in India

Joint MD Mr. Sanjeev Kumar Manages Film acquisition and distribution business and programming activities of PVR Over 16 years of experience in the movie exhibition industry Also Involved in development & growth strategy of PVR

Chief Executive Officer

Mr. Gautam Dutta Over 25 years of experience in advertising field Handling entire Operations, F&B and Sponsorship revenues of Exhibition circuit

President PVR Pictures

Mr. Kamal Gianchandani Over 22 years of experience Handling film financing, distribution, syndication, licensing & exhibition for both Indian and foreign language films in India

Group Chief Financial Officer

Mr. Nitin Sood Over 19 yrs of experience As a group CFO involved in overall business, financial & strategic planning for all businesses, project evaluations, compliance

and corporate governance

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MANAGEMENT TEAM

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Chief Legal & Company Secretary

Mr. NC Gupta Over 47 years of experience In PVR currently the Head of Legal, Company Secretary and the Compliance Officer of our Company

Chief Human Resources Officer

Mr. Anshul Goel Over 22 years of experience Responsible for implementing best HR practices at PVR & working on employee development &

retention

Chief Operating Officer

Mr. Vishal Sawhney Over 22 years of experience Responsible for operations in PVR

MANAGEMENT TEAM

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AWARDS AND RECOGNITIONS

THANK YOU !