Slide 1: WOWOW
W_O WO W 2015 ERG RU 2016 = aa AIOE 20164 5 A138 RoasStt WOWOW
Slide 2: FY2015 results and FY2016 forecast
@ 201I5tERH (4A~3A) @ 2016Fes#itHORe © arav
Slide 3: FY2015 results summary: subscribers
2O1ISFERE MIKO 1 OBA HCO TERA A EES Ee mA @ Rat ERMAGMS2 BOSTH ERO, FRRELTMBAR EIT © FIRZOTIYERAGA4KSCHCCIPTLEM A, BECTIACWALE TEP, LEV HAV YF "'Vo— + Ny svAVSTOTR + X71 9r7—-1 . V6. BUA, ARAAOIT TSOMMMALS EES | © KBRROCOOE YD OMFICADERBBL AX Y KiB RO MEIC RS (fic : Ft) 20147 ER 2015F ER BURBLL PARM
Slide 4: FY2015 results: revenue and profit summary
MSZ (EH) 0 TEBIMRATIERMAPOMIC HL, BURR C LECH © PARSER OMIBNEB RRR Sle kO. BRA Ho ielatlc 0 SIMMER EREOMESICA OD, MCU, be RR Bale (#7: BAF) 201 4 REE 201 SEER AUB LB 72,631 75,296 103.7% ETRE 10,371 9,516 91.8% cainnninaae 6.619 6,707 101.3% Boss @ 1c OM AEMSIA. BOPMOOAchm25e scsi 1ONeMA270Ale EnEN,
Slide 5: Subscriber numbers
20154 MAKE 20144 AAD A ER 685 RAIA 577 TERA AFL 108 at ERMA 2,756 2015SE (atin: HE) BHA Pe ee AURA Zz BURA LE AQ5 86.2% A35 93.9% A60 44.8% 48 101.8%
Slide 6: Subscriber trend
Saat ERRINA TRL O HES (Bt : FH) 3,000 2,631 2,648 2,548 2,500 AiR AURA miHA +36 +84 +17 2,000 T 2011FE 20124 20134E 20144E 2,805 20154
Slide 7: FY2015 results overview
2O01SFER WSK (3 : BAP) 20145 20154 BORA LER x wf MALE aie BOHALE % ££ | 72631, 100.0% 100.0% 2,664 103.7% we = HN tt 9,758 13.4% A677—(«93.1% #4 @ SB Al tf) = 10,371 14.3% A854 91.8% uh a a ae| | 8619, (9.1% 88 101.3% % ££ 8) 69,930 100.0% 100.0% 2,148 103.1% wa = # H #@ 9,496 13.6% A016 89.3% (KR ©
Slide 8: Revenue by segment
Eis BURAXEL cltt ia Bik (tir : ISPS) (tir: ISS) 75,000 75,296 75,000 72,631 72,079 70,000 70,000 65,000 65,000 60,000 60,000 55,000 55,000 20145 20154 20145 20155E (ir: BS) (iL: BPS) WAKE 201488 | 2015 ara 20145 20150 EE aimee BS BAMA 66,767 69,401 2,633 66,767 69,401 2,633 EOD tt MA 5,864 5,895 31
Slide 9: Operating income change analysis
iste li BRAC OR RERK sem (+) my A (A) Fs Fort Bae 7 manne Te etl87 4027 (air: HP) fete i SERRA +2,633 BURAZ A854 ane A468 BUHASEIS : 10,371 485m = A275 (#48 : 9,51685R) *SBAROMESMMCOER, “+ EMEA * ABER: 7-TITLERSORREICRORA EnEn, BARA MSDOETTHOET.
Slide 10: Subscription revenue
Bie Oi AR-—Y. ROY, BR, RES\OMMNCRARE Sle KO, BRC LeNIBH (84 : I) 26,831 (e#: %) $0,000 23,534 24,643 23,165 22,804 oo 25,000 r 482 20,000 15,000 10,000 5,000 O fr 2011FE 20124E 2013#E 20144E 20154E ee ee | ZOwWBAM — —--TE IBLE (BHR) | HGR HOSA MABHAO HE *AABOKEME > AUYFIVE DY. RE UU Dy RX y PMA IU I
Slide 11: Other business results
ESRB RASHOMRAR WOWOW24-7-Yava (FLV—-FF1V TREES) (Str: BAF) 201448 2015#E BORA LCR if AVR BORA LG oz + a 6,362 100.0% 240 103.8% B fl 262 A118 54.7% «@ B fl ff 265 A118 55.5% 4H om A tt 169 A88 47.8% *WOWOW2S 1-7 —-Y 3a YABAORIETS EnEN, BAAAMADOTTHOET.
Slide 12: FY2016 forecast
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Slide 13: FY2016 management policy
201 6F RS HOMe =SRROGRCRPEMEL, AROMATASE eis GE mAse-escassamnvays yom ) > MADZ7y FERSKBBBRAPT Sy FM bcs fee: YT Y RR ORE G4] maby ro#s-aticabrv—7F 177 RR ORE ) > FIVEI—Fy hI T, BE BGROMR: MENGE E_] vision2020casiemomy » AK /8KGERERBUEY —EANOMO HY > SBBEVAAORBEIS.T—F -VRIAXAVA FAY bh IA -LOwie
Slide 14: Programming lineup 2016
MAES > HEICAT Sta ROAYT YY OBO ABBE bc, MAMA Bis CPL S AS WOWOWSBEFS25 REELS: UEFA EURO 2016™ FyN—-RMWEFE 6A10H (#) ~7A108 (8) [ae es] 44(cC1B Oty AOR, S51 AAEM WOWOWMR2RIFic ik ovw WEAR BABA (B)29— (22088) FE ARBHOEI CEM 20is, 2H: 212i) 288 7TAION(B)AY—h TA : . 7. f yi eo LHAUYHLESY RK IVW G—F—-K D
Slide 15: oF ll
2 ; / AM oF ll Fp Fon 17 eID TID FT ATT BR RO FP STD OR catty mages SORh=— MRA
Slide 16: FY2016 forecast: subscribers
2O16R MAE (atin: HE) BURA LCR 201SFE Rie MOS er) AURA Zz BURA LE RMA 590 A20 96.7% RAIA 541 A31 94.2% TERA AFL 48 12 124.1% Sat IEDRADA TERK 2,805 60 102.2%
Slide 17: FY2016 forecast: income statement
2016 IWMscaTial (Biz : BAR) 2015 20162E RUA RR = MALE a= BUHALL % £ | 75,296 100.0% 100.0% 1,503 102.0% w= ® fl it 9,080 12.1% A80 99.1% < £ 8 A 9,516 12.6% A216 97.7% a at a ae| 6.707 8.9% A307: 95.4% % £: | 72,079 100.0% 100.0% 820, 101.1% a = eH 8,480 11.8% 319 103.8% wK 2 #8 fl a 8,940 12.4% 159
Slide 18: FY2016 capital expenditure plan
2OlGOER RE ETB (B14) 2015S4E Ris a (ia Pa 2,006 YVIKUIP AR 1,066 Bat 3,073 ait bala 2,134 PRBS 436 (et: APS) 20164 sti 750 Boek iS 850 1,600 EnEn, BARA MSDOETTHOET.
Slide 19: Appendix
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Slide 20: Quarterly subscriber trend
MARIE (Bz: #) 2,804,674 2,804,674 5 1 COHRA 5B 2 DOERA 58 2 ORAS at $8 3 OHA 58 3 DORA at 8 4 DOH RA PIAL 175,893 139,235 315,128 154,054 469,182 120,549 FRAOEX 133,576 134,526 268,102 119,340 387,442 153,945 TEDRDDA ERK 42,317 4,709 47,026 34,714 81,740 A33,396 A) sae 4,454 2,370 6,824 4,600 11,424
Slide 21: Quarterly subscriber trend (prior year)
(Bz: #) A18,845 107,886 awa So Ye BURA (2OlI44E) MAKE 3B | PUAtEA 3B 2 PUAtHA SB 2 POSHAR Et 3B 3 PUtHA 5B 3 PULA Et 5B 4 DOeHR PMMA 145,547 234,780 380,327 158,248 538,575 145,946 BERL 150,367 115,359 265,726 146,118 411,844 164,791 TERRIA ERK A4,820 119,421 114,601 12,130 126,731 A) eee A6,390 5,4
Slide 22: Income statement (consolidated)
UXSctR i GEKA) (#7 | BF) 2015 BURALE 103.7% ARBGAMA 66,767 91.9% 69,401 92.2% 103.9% EOLA 5,864 8.1% 5,895 7.8% 100.5% Wl BLM 36,953 50.9% 40,811 54.2% 110.4% ToL Aa 35,678 49.1% 34,484 45.8% 96.7% Ill ReBRO-PREES 25,920 35.7% 25,404 33.7% 98.0% BSeAllgs IV BS NMat 615 0.8% 443 0.6% 72.0% SAS VW 0.0
Slide 23: Income statement (non-consolidated)
UXSctK (BAA) (#4: RAPA) BURALE 103.1% BA BOAMA 66,767 95.5% 69,401 96.3% 103.9% EOLA 3,162 45% 2,678 3.7% 84.7% Wl BLM 36,656 52.4% 40,398 56.0% 110.2% ToL Aa 33,274 47.6% 31,681 44.0% 95.2% Ill ReBRO-PREES 23,777 34.0% 23,200 32.2% 97.6% IV BS NMat 423 0.6% 468 0.7% 110.5% SAS 10 0.0% 15 0.0% 150.2
Slide 24: Expense breakdown
BADR (Bf) (ifr : BAF) 20144 201 54 BE BURALE OPLRMOECKSAR Ban 22,804 26,831 117.7% IRE AB ACH Ee 4,210 5,493 130.5% ARAB 17,994 20,733 115.2% SOB 600 604 100.8% pees 2,942 2,608 88.6% FOFDLI KB 2,431 2,465 101.4% EOtts 8,478 8,492 100.2% at 36,656 40,398 110.2% QUA RU ie IER OF te SAR Pesce 1,634 1,
Slide 25: Other income breakdown
‘FA mOA a (#7 : RAFI) 2015, GBHa) RPA Heke PBIB Bese 23 33 140.5% HERE RAR 0 1 183.0% REA MALO 34 4 13.8% D7 SB via at 79.8% (Bs) RPA Heke PBIB HERE 22 20 90.1% Bese AR - 1 - REA MALO 34 4 13.8% D7 SB via - 8 - Ene, BAVAMSDIUETTHOIET.
Slide 26: Segment information
WT XY BAUD (Hic: BAA) SLE CTXY b Fillet comiae (SRF zs) 201 447 20154 E BUSALL 201448 201 5 BURALE BOK 69,930 72,590 103.8% 9,496 8,936 94.1% FLY-FF4Y7 6,362 6,602 103.8% 262 144 55.0% ir 76,293 79,193 103.8% 9,758 9,080 93.1% 288 (OX) A3,661 A3,897 - AO - _ i 72,631 75,296 103.7% 9,758 9,080 93.1%
Slide 27: Balance sheet (consolidated)
(8802 : BPS) 20154 3 A311 ARE 2016 3 A31 ARE BORAT cD Leak RH FEBRILE if fe Be Lt BRAS BISBAL HAE 39,041 62.0% 39,315 62.0% 273 100.7% eae 23,950 38.0% 24,137 38.0% 186 100.8% WHA 20,765 33.0% 17,032 26.8% A3,732 82.0% Hea 1,795 2.9% 1,773 2.8% A22 98.8% BAKE 5,000 7.9% 5,000 7.9% - 100.0% BARE 2,73
Slide 28: Balance sheet (non-consolidated)
Sawa (Bh) (8862 : BPS) 2015 3 A31 ARE 2016 3 A31 Bate HURBA OLB RH FEBRILE fe Be Lt BAR BISBAL RAE 34,656 60.6% 34,439 60.2% A216 99.4% Bese 22,507 39.4% 22,780 39.8% 273 101.2% RHA 20,149 35.2% 16,242 28.4% 3,906 80.6% Beata 1,793 3.1% 1,771 3.1% A22 98.8% BAS 5,000 8.7% 5,000 8.7% - 100.0% BARRE 2
Slide 29: Cash flow statement
wr vryya: 7O-tseSs (#1: BAR) 201445 | BRO kot~yya- 7O-— Bie SAB YASS 10,312 9,469 A843 WMA, 314. REA 2,661 3,208 547 TELE OIA (A : $800) A504 A102 402 TBM OMAR (A : 800) J 2,262 A183 2,078 te MBO REA (A : Hl) 2,561 A2,220 A4,782 EOtt A646 A640 6 ay it 12,122 9,530 A2,591 SEAMS O SAA A2,812 4,199 A1,
Slide 30: Notes and contact
W_O WO W RASC KRW SET SA BAA CAMORMAPR, BEAFL TWSRC KE SHIM RORECE OW ICA BRED RIBLCHO. VAD PAE RESBATWKT. RORRIS, RAGBRICKO CH SRBRBL CMRES PRCGOIDSTCCECHAMBES FAV. RRORMICHA ESTAR SOBRICld, MHROSHTIL—-TF BOBS COR RAR, HROMABEMBEN THOKT. TeHEL, RHIC KEES AGSBRECHSICREENSEO TSHOIEHAD teotatt WOWOW A