Village Roadshow Limited Hong Kong May 27 th Singapore May 29 th

R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 2

Village Roadshow LimitedHong Kong May 27th Singapore May 29th

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AGENDA

Company Overview

Our History

Business Portfolio

Financial Performance

Capital Management

Future Strategy Summary

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Australia’s Leading Entertainment Group

Global presence – Australia, USA & Asia-Pacific

Core expertise is “Selling Tickets” and Entertaining

Diversified, but complementary portfolio of world class

entertainment assets

Key focus on growth in South East Asia and China

Strong balance sheet and free cashflow

R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 24

1954Commenced operations.First Village Drive-In Croydon, Victoria.

1991Opening of Warner Bros. Movie World on the Gold Coast.

1974Roadshow enters Television distribution.

Early 1960’sIntroduction of “Hard-Top” cinemas.In 1968 - First twin screen cinema at Rivoli, Camberwell, Victoria.

1990’sExpansion of cinema circuit into Singapore.Purchase of Triple M Radio Network & merge with listed Austereo.

1983Establishment of Roadshow Home Video.

1988Stock market listing to gain greater access to capital.

1967Commencement of Roadshow film distribution. Agreement signed in 1971 for the distribution of Warner Bros. films.

1991Village Roadshow Pictures commences business in film production.

1950’s 1960’s & 1970’s 1980’s 1990’s 2000+

2010Simplification of capital structure to one class of shares.

Opening of First US Theme Park.

2011Sale of Austereo.

2013Opening of Wet ‘n’ Wild Sydney.ASX 200 entry.

2012VREG Asia Commences business.

China Theme Park Management Agreement finalised.

2011US based iPic Gold Class Partnership formed.

R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 25 Village Roadshow Sizzle Reel

R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 2

R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 2

Australia’s largest and most successful theme park & attractions groupGold Coast - Warner Bros. Movie World, Wet ‘n’ Wild Gold Coast, Australian Outback Spectacular,

Paradise Country and Village Roadshow Studios, encompassing 342 acres of highway frontage freehold land

- Sea World, Sea World Resort and Water Park, and Sea World Helicopters spanning 65 acres with a secured lease of 44 years

Sydney - Wet ‘n’ Wild Sydney (opened December 2013), situated in the demographic heart of Sydney on over 60 acres of land secured by a 50 year lease

Over 5.3 million visitors in 2013

Attractions also in Las Vegas, USA and opening in Hainan Island China in calendar year 2015

Powerful global brands Strategic relationship with Warner Bros.

Recent outstanding opening of Wet ‘n’ Wild Sydney, proving Village Roadshow’s design, construction and operating expertise

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R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 2

World class circuit of cinema complexes – Australia, Singapore & USA

In partnership with Event Cinemas – Market leaders in Australia Market Leader in Singapore through our partnership with Orange Sky Golden Harvest, boasting 45% market share

680 screens and 72 cinema sites Pioneer in creating cutting edge cinema experiences such as:

Gold Class Luxury premium venues offering personalised levels of service with restaurant quality food and beverages

Smaller more private and intimate cinemas

Large recliner seating and state of the art projection and sound systems $max

Huge screens and immersing sound systems, bringing movies to you in the most realistic and impactful way

iPic Gold Class Taking our highly successful Gold Class concept to the next level

Incorporating amazing restaurants, cocktail and wine bars, in the best locations across the USA

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R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 2

Market leader in Australia and New Zealand

Key distribution rights in Singapore

Major content supplier to Pay TV movie channels

Strong product portfolio Marketing expertise that is well recognised by all markets

Impressive partner and studio relationships with Warner Bros., Lionsgate, The Weinstein Company, ABC, BBC, Channel 9 and many others

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BALANCE OF LICENCE AGREEMENT

4 MONTHS 6 MONTHS 12 MONTHS 2 MONTHS 5 YEARS

THEATRICAL ENTERTAINMENT (PHYSICAL / DIGITAL)

FOXTEL PAY TV FREE TV

Revenue Lifecycle

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76 films and over US$12 billion in worldwide box office revenue 8 Academy Awards, 3 Golden Globe Awards Outstanding franchises including:

The Matrix trilogy Oceans Eleven trilogy Sherlock Holmes

Expansion into China and South East Asia in partnership with local producers Journey to the West achieved the highest box office for a Chinese film in China

VRL 47.6% ownership (equity accounted)

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R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 2

2009 2010 2011 2012 2013202530354045505560

25.1

35.031.3

52.857.2

Net Profit After Tax*

2009 2010 2011 2012 2013120

130

140

150

160

170

127.9

147.0140.5

154.7

164.0

EBITDA*

Key Result Drivers

Robust core businesses generating impressive cashflows Continuous innovation driving superior customer offerings and market leadership Focus on cost control and prudent capital management Experienced and energetic management team

$Milli

ons

$Milli

ons

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*Excluding discontinued operations and material items

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29/01

/2009

12/03

/2009

23/04

/2009

4/06/2

009

16/07

/2009

27/08

/2009

8/10/2

009

19/11

/2009

31/12

/2009

11/02

/2010

25/03

/2010

6/05/2

010

17/06

/2010

29/07

/2010

9/09/2

010

21/10

/2010

2/12/2

010

13/01

/2011

24/02

/2011

7/04/2

011

19/05

/2011

30/06

/2011

11/08

/2011

22/09

/2011

3/11/2

011

15/12

/2011

26/01

/2012

8/03/2

012

19/04

/2012

31/05

/2012

12/07

/2012

23/08

/2012

4/10/2

012

15/11

/2012

27/12

/2012

7/02/2

013

21/03

/2013

2/05/2

013

13/06

/2013

25/07

/2013

5/09/2

013

17/10

/2013

28/11

/2013

9/01/2

014

20/02

/2014

3/04/2

014

15/05

/2014

0

2

4

6

8

VRL Share Price

A$ A$1.01

(Jan 2009)

A$7.68(May 20, 2014)

600%

2009 2010 2011 2012 20135

10152025303540

11.2

18.5 20.1

34.4 36.2

Earnings per share*

2009 2010 2011 2012 201305

1015202530

12.8

6.0

16.0

22.026.0

Dividends per share

Cen

ts

Cen

ts

12

20/0

5/20

14

*Excluding discontinued operations and material items

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FY 2014 & 2015 are important years of transition and investment

Putting in place the “building blocks” to enable our future growth strategy

Healthy Debt to Equity Ratio of 39.2% as at 31 December 2013

Providing agility to take advantage of new revenue opportunities

Capital distribution of 25 cents per share completed in December 2013

Fully Franked interim and final dividends of 26 cents per share (13 cents each),

paid in September 2013 and March 2014

Committed to maintaining a consistent, stable dividend return to shareholders

(Link to VRL H1 2014 Results Presentation http://www.villageroadshow.com.au/asx-announcements.asp)

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Cinema Exhibition Focus on new complexes in population growth areas

Suntec City in Singapore much anticipated opening in late 2014, with an impressive 11 screens incorporating $max and Gold Class premium offerings in a location that is second to none and will undoubtedly be the jewel in the crown

Expanding Village Roadshow’s 30% owned US based iPic Gold Class circuit in much sought after superior locations across the USA

Theme ParksExpansion into Asia

Management structure in place and construction underway on Hainan Island

Multiple exciting consulting, management and investment opportunities currently under discussion

Leveraging Village Roadshow’s highly sought after expertise and relationships built over many years

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Film ProductionVillage Roadshow Pictures (VRP)

Based in Beverly Hills, Los Angeles

Accelerate slate from 3 to 4 films per annum to our goal of 6 to 10

Village Roadshow Pictures Asia (VRP Asia)

Based in Beijing

Continued investment in a portfolio of Asian films with promising releases anticipated for Fiscal Year 2015

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Film DistributionDigital

Positive outlook for digital distribution of Village Roadshow’s product

Australian digital market has grown 23% and projected to accelerate exponentially

Roadshow existing and potential new digital customer base continues to grow

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Business Fundamentals

Providing superior experiences and an escape from the worries of the world

Leaders in all our market segments

Highly sought after expertise and proven ability to deliver

Financial Performance

History of significant returns to shareholders

Strong balance sheet, free cashflows and putting in place the required foundations for an exciting future

Future Strategy

Focused on high growth markets

Actively pursuing significant opportunities in China & South East Asia

OUR MANTRA REMAINS…..

“PEOPLE WILL ALWAYS WANT TO GO OUT”

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R E S U L T S C O M M E N T A R Y F O R T H E H A L F Y E A R E N D E D • 3 1 D E C E M B E R 2 0 1 2

No Recommendation, offer, invitation or adviceThis presentation is not a financial product or investment advice or recommendation, offer or invitation by any person or to any person to sell or purchase securities in Village Roadshow Limited (“VRL”) in any jurisdiction. This presentation contains general information only and does not take into account the investment objectives, financial situation and particular needs of individual investors. Investors should make their own independent assessment of the information in this presentation and obtain their own independent advice from a qualified financial advisor having regard to their objectives, financial situation and needs before taking any action. An investment in VRL securities is subject to investment and other known and unknown risks. VRL does not guarantee any particular rate of return or the performance of VRL securities. This presentation should be read in conjunction with VRL’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange.

JurisdictionThe distribution of this presentation including in jurisdictions outside Australia may be restricted by law. Any person who receives this presentation must seek advice on and observe any such restrictions.

Nothing in this presentation constitutes an offer or invitation to issue or sell, or a recommendation to subscribe for or acquire securities in any jurisdiction where it is unlawful to do so. The securities of VRL have not been, and will not be registered under the US Securities Act of 1933 (as amended) (“Securities Act’), or the securities law of any state of the United States. Neither this presentation nor any copy hereof may be transmitted in the United States or distributed, directly or indirectly, in the United States or to any US person including (1) any US resident, (2) any partnership or corporation or other entity organised or incorporated under the laws of the United States or any state thereof, (3) any trust of which any trustee is a US person, or (4) any agency or branch of a foreign entity located in the United States.

Non – IFRS Financial InformationThe VRL group results are prepared under Australian Accounting Standards, and also comply with International Financial Reporting Standards (“IFRS”). This presentation includes certain non-IFRS measures including EBITDA and operating profit excluding material items of income and expense and discontinued operations. These measures are used internally by management to assess the performance of the business, make decisions on the allocation of resources and assess operational performance. Non-IFRS measures have not been subject to audit or review, however all items used to calculate these non-IFRS measures have been derived from information used in the preparation of the audited or audit-reviewed financial statements.

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