Slide 1: Submission of Investor Presentation to exchanges
April 23, 2025 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited P.J Towers, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Fort, Mumbai - 400 001 Bandra Kurla Complex, Bandra (E), Mumbai - 400 050 Scrip Code: 532375 Symbol: TIPSMUSIC
Slide 2: Investor Presentation Q4 & FY25
Investor Presentation Q4 & FY25
Slide 3: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Tips Music Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Company Overview
Company Overview KEY FACTS Founded Year 1988 Catalogue comprises of music in over Only listed player to expense off Debt free company with 25 languages 100% of content cost in the ₹ 271 cr of cash & available across multiple investments platforms globally quarter of release Website www.tips.in Indus
Slide 5: What Makes Us Unique
What Makes Us Unique Optimising Capital Allocation India Music Investment Opportunity Optimising Capital India Music Investment Allocation Opportunity Sustainably Increasing market share The Subscription Wave Sustainably Increasing The Subscription market share Wave Our Content Global Platforms Powe
Slide 6: Optimising Capital Allocation: Total Payout to shareholders in FY25 Rs 136.09 Cr
Optimising Capital Allocation : Total Payout to shareholders in FY25 Rs 136.09 Cr Consistently rewarding shareholders through Buybacks & Dividends 275 271 (Crs) Reducing Equity Shares* 89 77 17.31 71 -26% 62 15.96 56 15.36 47 14.32 40 33 12.97 12.84 12.78 12.78 19 21 12 13 10 14 13 5 2 4 22 0.5 2 5
Slide 7: Sustainably Increasing Market Share
Sustainably Increasing Market Share Music Sector* Revenues (₹ Crs) (₹ Crs) 5,834 311 13.7% 4,488 242 +36.1% 4,039 3,964 3,441 187 136 91 CY22 CY23 CY24 CY25E# CY27E # FY21 FY22 FY23 FY24 FY25 *Source: EY-FICCI M&E Report 2025; # EY Estimates. Note: Music industry revenue are presented net-of-tax and
Slide 8: Our Content Powers Global Platforms
Our Content Powers Global Platforms Digital Partners Sync Deals Broadcast Partners 7
Slide 9: Upcoming Music Releases
Upcoming Music Releases Boney Kapoor’s No Entry Mein Entry Directed by Anees Bazmee Click here 8
Slide 10: India Music Investment Opportunity
India Music Investment Opportunity Global Total Music Streaming Volume ( Audio & Video) Global Music Label Revenues (trillion streams) (USD bn) +34% 2023 28.6 2023 7.1 India 15% Vol Mkt 85% 0.5 India 2% Val Mkt 98% 1.0 share share 5.3 81% 0.6 World ex. India 28.1 World ex. India 6.1 4.7 2022 2023 20
Slide 11: Subscription Revenue is 3x the Revenue of Ad-supported Streaming
Subscription Revenue is 3x the Revenue of Ad-supported Streaming Global Music Revenue Sources 2.2% 2.2% 3.2% 2.8% 9.5% 9.7% 16.4% 48.9% CY2023 17.8% 51.2% CY2024 18.5% 17.7% Subscription audio streams Ad-supported streams Synchronisation Performance rights Physical Download & Other digital In 2024,
Slide 12: Subscriptions are becoming more acceptable in India
Subscriptions are becoming more acceptable in India Spotify India Subscription Revenue up by 90% and Ad revenue rose by 114% for FY24 According to Spotify India's 2024 advertising deck, the platform now boasts 70 million monthly active users who spend an average of 1.44 hours daily streaming music 5
Slide 13: Growing listenership & Increasing Content Addition
Growing listenership & Increasing Content Addition Evergreen & Rich content of over 32,000 songs across Annual YouTube Views (in. Bn) genres, languages & decades giving us high visibility of 228.3 +56% 193.9 music revenue 112.7 New Songs Added 38.5 59.6 105 FY21 FY22 FY23 FY24 FY25 New releases in Q
Slide 14: Financial Performance
Financial Performance
Slide 15: Summary of Last 10 Quarters
Summary of Last 10 Quarters (Crs) Cumulative 80.6 80.0 77.7 78.5 (10 quarters) 73.9 70.0 64.8 63.3 60.9 Revenue 60.0 655.3 51.0 52.0 52.6 50.0 48.2 43.6 44.2 39.5 40.0 34.7 Content Cost 30.6 164.2 30.0 26.8 25.8 29.9 20.2 23.9 20.0 18.4 18.7 19.0 14.7 13.8 14.6 10.0 Profit after Tax 12.2 12.7 4.7 33
Slide 16: Summary of Last 5 Years
Summary of Last 5 Years (Crs) 310.7 241.6 186.8 166.6 135.6 +31.0% 127.2 90.5 76.5 71.0 64.6 43.5 55.6 32.7 62.4 13.2 FY21 FY22 FY23 FY24 FY25 Content Cost Revenue PAT 15
Slide 17: Business Performance
Business Performance (₹ Crs) Revenue Op. EBITDA Op. EBITDA Margins (%) +24% -22 bps +24% 78.5 47.7 47.5 37.3 63.3 30.2 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Revenue Op. EBITDA Op. EBITDA Margins (%) +29% +30% +94 bps 310.7 206.7 65.6 66.5 241.6 158.5 FY24 FY25 FY24 FY25 FY24 FY25 16
Slide 18: Industry Leading Financial Performance
Industry Leading Financial Performance (₹ Crs) Revenue EBIT & EBIT Margin 63.9% 55.1% 66.8% 67.8% 311 224 +32% +36% 242 171 187 136 106 89 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 ROE EPS 86% 13.0 81% +38% 63% 64% 9.9 5.9 5.0 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 17
Slide 19: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. in Crs) Q4FY25 Q4FY24 Y-o-Y Q3FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue From Operations 78.5 63.3 24% 77.7 1.1% 310.7 241.6 29% Content Cost 29.9 23.9 25% 14.6 105.7% 71.0 55.6 28% Employee Benefits Expenses 4.6 4.3 3.0 13.2 10.9 Other Expenses 6.7 4.9 4.5 19.8 16.6
Slide 20: Balance Sheet
Balance Sheet Equity & Liabilities (₹ in Cr) Mar’25 Mar’24 Assets (₹ in Cr) Mar’25 Mar’24 Equity Share Capital 12.8 12.8 Non-Current Assets 196.8 166.7 Property, plant and equipment 6.2 7.8 Other Equity 209.5 179.5 Other intangibles 0.2 0.0 Total Equity Investment Property 0.1 0.1 Non- Current Liabi
Slide 21: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar’25 Mar’24 Cash Flow from Operating Activities Profit before Tax 223.2 170.5 Adjustment for Non-Operating Items -13.2 -6.3 Operating Profit before Working Capital Changes 210.0 164.2 Changes in Working Capital -30.6 112.6 Cash Generated from Oper
Slide 22: Music – A Digital Journey
Music – A Digital Journey
Slide 23: Digital Advertising – Key Driver of Indian Music Industry
Digital Advertising – Key Driver of Indian Music Industry Indian Digital Ad Industry India's digital advertising industry reached Rs 49,251 crore in 2024, up from (₹ Crs) Rs 40,685 crore in 2023, and is projected to grow at a CAGR of 19%. By then, digital media is expected to account for 61% of tota
Slide 24: Digital Advertising will Dominate Media Spending in India for the Next Few Years
Digital Advertising will Dominate Media Spending in India for the Next Few Years Advertising spends on different media Advertising spends across various media (%) - Forecast 65 61 60 Digital Radio Cinema 55 55 OOH 4.0% 50 49 Print 2.0% Television 0.3% 45 42 42 43 17.0% 28.0% 40 39 35 35 31 30 29 28
Slide 25: Few Industry Reports
Few Industry Reports Digital Advertising in India dentsu Global Music Report IFPI EY Media Entertainment FICCI Report 2025 Ericsson Mobility Report EMR dentsu IFPI FICCI EMR Digital Advertising in India Global Music Report EY Media & Entertainment Ericsson Mobility Report 2025 Report 24
Slide 26: Thank You
Thank You Company Details: Investor Relations Advisors: Tips Music Limited MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services CIN: L92120MH1996PLC099359 Mr. Nikunj Jain | Ms. Mamta Nehra +91 9769060608 | +91 9987903500 investorrelations@t