Naveen JeereddiChief Executive Officer, Jeereddi Partners

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Appendix

December 2020

A Global Entertainment and Streaming Powerhouse

Disclaimer

2

Information provided in this communication includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended,or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbors createdthereby. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “approximately,” “anticipate,” “believe,”“estimate,” “continue,” “could,” “expect,” “future,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” and similar expressions. Thosestatements include, among other things, the discussions of the Company’s business strategy and expectations concerning its and the Company’s marketposition, future operations, margins, profitability, liquidity and capital resources, tax assessment orders and future capital expenditures. All such forward-lookingstatements are subject to risks and uncertainties that may cause actual results to differ materially from those that we are expecting, including, without limitation:our ability to successfully and cost-effectively source film content; the Company’s ability to achieve the desired growth rate of Eros Now, its digital over-the-top(“OTT”) entertainment service; our ability to maintain or raise sufficient capital; delays, cost overruns, cancellation or abandonment of the completion or releaseof the Company’s films; our ability to predict the popularity of its films, or changing consumer tastes; our ability to maintain existing rights, and to acquire newrights, to film content; our ability to successfully defend any future class action lawsuits we are a party to in the U.S.; anonymous letters to regulators or businessassociates or anonymous allegations on social media regarding the Company’s business practices, accounting practices and/or officers and directors; our abilityto recoup the full amount of box office revenues to which it is entitled due to underreporting of box office receipts by theater operators; our dependence on ourrelationships with theater operators and other industry participants to exploit the Company’s film content; our ability to mitigate risks relating to distribution andcollection in international markets; our ability to compete with other forms of entertainment; our ability to combat piracy and to protect our intellectual property;our ability to maintain an effective system of internal control over financial reporting; contingent liabilities that may materialize, our exposure to liabilities onaccount of unfavorable judgments/decisions in relation to legal proceedings involving the Company or its subsidiaries and certain of its directors and officers; ourability to successfully respond to technological changes; our ability to satisfy debt obligations, fund working capital and pay dividends; the monetary and fiscalpolicies of countries around the world, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices;our ability to address the risks associated with acquisition opportunities; risks that the ongoing novel coronavirus pandemic and its spread, and related publichealth measures, may have material adverse effects on our business, financial position, results of operations and/or cash flows; challenges, disruptions andcosts of the Merger and related transactions, integrating the Eros and STX businesses and achieving anticipated synergies, and the risk that such synergies willtake longer to realize than expected or may not be realized in whole or in part; the amount of any costs, fees, expenses, impairments and charges related to theMerger and related transactions; uncertainty as to the effects of the consummation of the Merger and related transactions on the market price of our A OrdinaryShares and/or the Company’s financial performance; and uncertainty as to the long-term value of the Company’s ordinary shares.

The forward-looking statements contained in this communication are based on historical performance and management’s current plans, estimates andexpectations in light of information currently available and are subject to uncertainty and changes in circumstances. There can be no assurance that futuredevelopments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to changes in global,regional or local political, economic, business, competitive, market, regulatory and other factors, many of which are beyond the Company’s control. Should oneor more of these risks or uncertainties materialize or should any of the Company’s assumptions prove to be incorrect, the Company’s actual results may vary inmaterial respects from what the Company may have expressed or implied by these forward-looking statements. The Company cautions that you should not placeundue reliance on any of its forward-looking statements. Any forward-looking statement made by the Company in this communication speaks only as of the dateon which the Company makes it. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possiblefor the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of newinformation, future developments or otherwise, except as may be required by applicable securities laws.

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Where Hollywood Meets Bollywood

Global studio with $2+ billion of worldwide box office over the past 5 years.

Uniquely positioned to meet growing demand for streaming video with preeminent platform.

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Eros International STX Entertainment

Global Streaming Opportunity

Unique Global Distribution Network

Premium Hollywood and Bollywood Content with Global Appeal

Leading Indian film studio and streaming service

One of the largest libraries of Indian films with multi-format rights to 3,000+ titles

Risk mitigated approach to film production with global, multi-channel monetization

Eros Now is the #1 streaming platform for Indian content (1) with digital rights to 12,000+ films, as well as thousands of music tracks and short-form content in 150+ countries

Eros Now has 36 mn paid subscribers and 212 mn registered users, as of September 30, 2020

Leading independent Hollywood studio –fastest to ever surpass $1 bn U.S. Box Office

IP with global appeal, featuring stars in signature roles (34 released films to date with $1.5bn+ global box office)

Global distribution network, with world-class strategic partners, and covering 150+

Existing content distribution deals with Netflix, Showtime, Hulu, Amazon, among others

Asset-light, capital efficient model, ~20% ROIC Model Film profile

Compelling Combination of Complementary Assets

(1) Based on size of streaming library.4

Scale

Combines first-class Hollywood and Bollywood management teams

New Board consistent with company’s commitment to prudent corporate governance practices

Best-in-class partnerships across the global media and technology landscape, including Apple, Microsoft, Amazon, and Google

Long-term and sustained financial commitment of founders group

$125 million incremental equity from new and existing STX equity investors, including TPG, Tencent, Hony Capital and Liberty Global

Well-capitalized, robust balance sheet, including a $350 million JP Morgan-led credit facility

Net debt as of August 1, 2020 was of $255 million, with total cash on hand of approximately $145 million; net debt at the end of fiscal 2021 expected to be $325 million, reflecting increased content production

Well Positioned to Create Long-Term Shareholder Value

Increased financial scale with over $600 million pro-forma revenue in calendar 2019

Projected to achieve over $300 million of highly predictable aggregated future revenue from STX films already released through 2019

Eros Now addressable market is ~1.5 – 2.0 billion people—a massive consumer opportunity

Capitalization

Shareholder Base

Leadership and

Governance

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Experienced Global Management Team with Strong Track Record

Unique Model to Scale Distribution Fast and Globally

Powered by Growth in Global Entertainment Markets

Featuring Leading Hollywood and Bollywood Talent

Well-Capitalized Balance Sheet Provides Strategic Flexibility

Generating Original Content to Meet Growing Global Demand

Strong & Strategic Rational for Combination

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3

4

1

5

6

2

Leading box office share in India, with over 30% box office market share over the past 10 years

36 of the 110 highest grossing Indian films over last 10 years

3,000+ film library and 12,000+ rights for digital distribution

33 film premieres on Eros Now in calendar 2021

To date, Eros Now has launched over 39 originals, including digital series and films, and over 5,900 short-form videos

13 new original series to debut on Eros Now in calendar 2021

Film Releases Episodic Content

Leading box office share among independent studios with 34 films released since inception

Robust production and acquisition pipeline targeting 8 theatrical releases per year

5 scripted and 6 unscripted shows in production

Deals in place with Showtime, Netflix, and Hulu, among others

Partners

Generating Original Content to Meet Growing Global Demand

7

Powered by Growth in Global Entertainment Markets

8

$11 $11

$2 $2

$9

$14

$21

$23

$42

$51

2019 2023E

Theatrical Market ($ billions)

$1,519$1,293

$33 $327

2014 2019

Traditional SVOD & AVOD

$1,620$1,552

1%

Original Shows Ordered($ billions)

$30 $24

$5 $13

$6

$19

2014 2019

Int'l SubscriptionDomestic SubscriptionGlobal Cable, DVD, etc.

Subscription vs. Transactional($ billions)

Source: PwC, Motion Picture Association

CAGR

2%

11%

5%

3%

CAGR

(5)%

28%

8%

31%

CAGR

77%

(4)%11%

ErosSTX is positioned to take advantage of and win market share in the fastest growing regions and segments of the global video entertainment market.

IndiaU.S. China RoW

$56

$41

11.6%2016-21E Growth

Uniquely Positioned to Target Fast Growing China Market

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(1) 2021E Chinese movie market defined by total box office revenue(2) National Committee of Film Development Fund

$10.7 BillionChinese Movie Market(1)

68,922Total Screens in 2019(2)

80,000+Screens Count by 2021

STX in China

Shanghai Film Group Corporation Fudan UniversityChina Film Group

Corporation

Eros in China

High Budget Indian Film Hit in China

Jackie ChanStarred in his

“Signature Role”

$45mm+China Box Office Gross

(Since Release)

#5Indian Film in China

Screen release in China (April 2019)

$47mm+ China Box Office Gross

(In First Four Weeks)

#3Indian Film in China

iQiyi Partnership

1,000+Indian language titles licensed to streaming

platform iQiyi

500mm+iQiyi Monthly Active Users

Partnerships

Successful U.S. / China Film Co-Production

• True partnership in development

• Co-production of Chinese content

• Co-finance globally relevant content

$81.2mmChina Box Office

A-Cinemascore

8.4 / 10Maoyan Score

“A prime example of an American / Chinese two-hander that will be a hit on both shores”

- Forbes

Co-Development Strategy

Partnerships

Access to the India – China co-production treaty provides a unique ability to enhance the release of motion pictures in the Chinese market.

STX’s global marketing and distribution network, covering 150+ territories, provides unique opportunity for rapid content proliferation and allows for a capital efficient, risk-mitigated approach to film-making.

Risk-Mitigated Project Financing

STXFinancial Charges

Cost of Production

$26

$7

$3

$14

$6

$2

FilmCost

Int'lSales

TaxCredits

CoFinance

STXEquity

Illustrative cost per model film(US$ in millions)

• Ability to maximize combined content value across our global output and distribution agreements• International sales from output agreements allow for a capital efficient, risk-mitigated approach to film-making

Distribution Partners Direct Distribution STX’s Distribution Network Covers

150+ Territories

(1) Multi-territory output deal with Amazon in Europe.

(1)

Partnership Model to Scale Distribution Quickly and Globally

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41%

20%

15%

5%

18%

12,000+Digital Film Rights

5,000+Into Perpetuity

(1) Based on size of streaming library.

(2) Represents % of total number of estimated films in Indian streaming library of ErosNow, Hotstar, Amazon Prime Video, Netflix and Zee5.

Rapidly Growing Eros Now Paid Subscribers

2.17.9

18.8

29.336.2

FY '17A FY '18A FY '19A FY '20A 2Q FY '21A

22%

16%

19%

16%

12%

2%12% 1%

Diverse Content Portfolio Across Indian Languages

Hindi

Bengali

Tamil

Malayalam

Kanada

Gujarati

Telugu

Marathi

Largest Indian Streaming Library (1) (2)

(in million; FY ends March 31)Targeting 50 mn paid subscribers by end of calendar 2022

Leverage STX’s U.S. and global content to supercharge Eros Now, largest global SVOD platform for Indian content (1), and uniquely position it for the global streaming opportunity.

150Countries (incl. India)

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Opportunity to Create a True Global Streaming Platform

2017–21 CAGR104%

2021 launch of ErosPrime, featuring Indian and English content, will drive subscriber & ARPU growth.

Merger created a global media companyUnique capability to develop, produce and distribute Bollywood and Hollywood premium content globally

and across all platforms

Robust pipeline of film and episodic content with multi-channel distributionUnique strategic and distribution partnerships globally, including Apple, Amazon, Microsoft,

NBCUniversal and YouTube

Well-capitalized balance sheet provides strategic flexibility$125 million of incremental equity raised recently; superior liquidity underpinned by a conservative

capital structure

Increased financial scale with significant growth opportunity Over $600 million of pro forma revenue in calendar year 2019 and targeting over $1 billion in fiscal 2023

Substantial merger-related synergy opportunities$50 million in cash synergies to be achieved by the end of fiscal 2022 on a run-rate basis

Key Takeaways

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Large and market-leading streaming platform#1 streaming platform for Indian content with 12k+ digital film rights; 36+ million Eros Now paying

subscribers and targeting 50+ million by December 2022

3-year Strategic & Shareholder Value Imperatives

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Enhance Balance Sheet & Operating Cash Flow

Recapitalize global debt structure Drive better cash conversion and visibility

Streamline Corporate Structure

Determine long-term strategy for Indian BSE/NSE public listing (EIML) Settle current Indian debt

Fully Monetize ErosNow Launch ErosPrime service Aggressively drive ARPU growth and roll-out advertising monetization Increase FY22 investment to maximize profit in FY23 and FY24

Drive Revenue & EBITDA Growth

$50 mn of cash synergies by end of FY22 on a run-rate basis FY22 revenue of $800 mn with a high-single digit EBITDA margin FY23 revenue over $1.0 bn, and operating cash flow of $100 mn

Enhance Investor Communications

Host a world-class Investor Day in first quarter of calendar 2021 Increase metric disclosure and visibility for shareholders Increase long-only, institutional shareholder ownership Expand sell-side analyst coverage

Identify Long-Term Strategic Partners

Achieve equity valuation comparable to digital media peers Form strategic partnerships to enhance growth and shareholder value

Current Financial Guidance

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(FY ends March 31)

Period Metric Guidance

FY21 Net Debt $325 mn (period-end)

Revenue Approximately $800 mn

EBITDA Margin High-single digits

Merger Cash Synergies $50 mn on run-rate basis by end of FY22

CY22 Eros Now Paid Subs 50 mn (period-end, 12/31/22)

Revenue 20%+ growth yoy to over $1 bn

Revenue Mix 50% from digital content distribution and platforms

Operating Cash Flow $100 mn

FY22

FY23

Merger Synergy Roll Up & Execution Plan

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($ millions) SynergyEBITDA Impact

Cash Impact

Completed By Commentary

Cost Savings Production Leverage $5 $5 2H 2021 > Maximize production tax credits and financing

Strategic Value & Revenue Opportunities

Global Film Distribution & Library Monetization

$15 $15 2H 2021> Cross distribution of STX and Eros films through

global output deals plus adaptations of Indian films for US & China

ErosNow Subscriber Uplift

$15 $15 2H 2021> STX exclusive content coupled with additional

investment will accelerate ErosNow subscriber and ARPU growth

Financial Synergies

Debt Interest Reduction — $10 4Q 2020 > Based on recapitalization vs. current combined

Eros & STX interest costs

NOL Utilization — $5 2H 2021 > Tax shield utilizing applicable cumulative net

losses against future Eros profits in the US

Total $35 $50 100% Realized by 2nd half of CY21

ErosSTX Merger Transaction Summary

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• On July 30, 2020, Eros International Plc (“Eros”) and STX Entertainment (“STX”) closed their previously announced merger to combine in a stock-for-stock, merger-of-equals transaction.

– On September 23, 2020, the company changed its name to Eros STX Global Corporation and began trading on the NYSE under the ESGC ticker.

• Former STX shareholders received 171.9 million Contingent Value Rights (CVRs) which convert into ESGC Class A common stock. A Form F-3 to register these shares was filed on December 16, 2020 and is currently pending SEC approval.

• $125 million of incremental equity contributed from new and existing investors as part of the transaction (including TPG, Hony, Liberty Global and others).

• Company retains Foreign Private Issuer status and Isle of Man domicile, with dual-headquarters of Burbank, CA and Mumbai, India.

Transaction Overview

Leadership&

Governance

• Kishore Lulla serves as Executive Co-Chairman; Robert Simonds serves as Co-Chairman and CEO

• Andy Warren serves as Chief Financial Officer, Noah Fogelson and Rishika Lulla Singh serve as Co-Presidents

• ErosSTX Board of Directors currently consists of eight members:

– Kishore Lulla, Rishika Lulla Singh, Dhirendra Swarup, Dilip Thakkar, Robert Simonds, Nick Stone, John Zhao and Shailesh Rao

Financial Policies

• The transaction was accounted for as a reverse merger using the acquisition method with STX being the accounting acquirer in accordance with ASC 805, Business Combinations.

• Company has formally adopted US GAAP accounting standards. The Form 6-K dated December 16, 2020 contains historical pro forma financial statements in US GAAP.

• Ernst & Young was appointed the Company’s new auditor, effective December 2, 2020. Ernst & Young previously audited STX, while Grant Thornton India previously audited Eros.

Recent Financial Filings

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Standalone Eros International Plc:• Fiscal 2020 annual report and financial statement in IFRS for the 12 months ended March 31, 2020 (Form 20-F

dated July 30, 2020).

Standalone STX Entertainment:• Fiscal 2019 annual report and financial statements in US GAAP for the 12 months ended March 31, 2020 and

the transition period for the 6 months ended March 31, 2020 (Form 20-F dated October 30, 2020). • Quarterly financial statements in US GAAP for the 3 months ended June 30, 2020 (Form 6-K dated December

16, 2020),

Combined ErosSTX:• Pro forma financial statements in US GAAP for the 12 months ended June 30, 2020 (Form 6-K dated

December 16, 2020).• Registration Statement for 196.3 million ESGC class A shares issued to former STX stockholders in

connection with the merger (Form F-3 dated December 16, 2020):o 171.9 million shares underlying the contingent value rights (CVRs) issued to former STX preferred

stockholders.o 24.4 million shares issued to certain former STX investors pursuant to the PIPE financing announced at

the time of the merger.

Economic and Voting Ownership Share

18 Note: Post CVR Settlement with assumed VWAP of $2.09, as of 12/15/20. Pro forma for 40 mn management plan equity awards, pending Board approval.

TPG17.4%

Hony15.0%

Liberty Global, Tencent, PCCW

6.6%

Other STX7.8%

Pre-Merger Non-Founder Eros Investors

46.9%

Founder Shares6.3%

STX Investors

46.8%

Economic Ownership Share Voting Ownership Share

TPG11.1%

Hony9.5%

Liberty Global, Tencent, PCCW

4.2%

Other STX5.0%

Pre-Merger Non-Founder Eros Investors

29.8%

Founder Shares40.4%

STX Investors

29.8%

Seasoned Management Team with Global Experience

Prem ParameswaranHead of Corporate Strategy 29+ years of experience in Media, Entertainment & Telecom sector Former Global M&T Head at Jefferies; also has worked at Goldman

Sachs, Salomon Brothers and Deutsche Bank Commissioner, President’s Advisory Commission for Asian Americans

Kishore LullaExecutive Co-Chairman Pioneer in global Indian film and entertainment

35+ years in media and film industry

Robert SimondsCo-Chairman and Chief Executive Officer Founder of STX Former film producer responsible for 30+ major studio titles

Rishika Lulla SinghCo-President Previously managed all digital initiatives for Eros

Creator of largest Indian streaming platform – Eros Now

Ali Hussein Chief Executive Officer, Eros Now 18+ years of experience in the media entertainment and media

technology space Formerly Board advisor to Discovery Networks

Adam FogelsonChairman, STX Films Has been leading all aspects of film production and

distribution for STX Former Chairman of Universal Pictures

Andy WarrenChief Financial Officer CFO of STX Former CFO of Discovery Communications and NBC

Universal Television

Noah FogelsonCo-President 20+ years of experience Previously CEO of Crest Animation Productions

Jada MirandaPresident, Creative Development & Production 20+ years of industry experience Previously served as a senior executive at XBOX, NBC

and HBO

Pradeep DwivediChief Executive Officer, ErosSTX India 25+ years of experience across Media & Entertainment, Telecom,

Banking & Financial services Formerly Senior Executive in Tata Group, American Express,

Standard Chartered Plc & GE Capital India

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