Wowow Inc. · TSE:4839

Wowow — Q2 FY2019 Earnings Presentation

28 slides from Wowow's earnings presentation, Oct 31, 2019

  1. Slide 1: Fiscal 2019 Second Quarter Results Presentation

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  2. Slide 2: Contents (April-September)

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  3. Slide 3: Fiscal 2019 Q2 Results Summary

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  4. Slide 4: Q2 FY2019 Results Overview

    2O1lIOH ESR 2PU4HH MART (az: FH) BUF [al BALL 20184 E2Q 2019E2Q BUA BUF IA)BALL Pre ALERT 347 A65 81.3% PERE 290 13 104.5% TERM AA 57 AT8 - Ast iEARMAGE 2,934 A53 98.2% A) een" 418 413 A5 98.8% A) Mabe ew'2 62 6 110.4% "| ARNE KS 2R2WBC SRHBOFT YS RVCAS| WEE (AR2 00ND EIN AIS]. RSME) *2 FAM ROZES CH

  5. Slide 5: Subscriber Trend

    Rat ll EPRI ATRL O HERS (Buin : EE) 3,000 2,500 2,000 2,876 2901 2,881 2,805 2,823 2,756 aR mia AoA AiR AURA +108 +48 +19 +53 +25 20144E 2015#E 20164E 2017#E 20184E 20194620

  6. Slide 6: FY2019 Q2 Income Statement Summary

    20190 ES 2 MURA USA (Hil: BAF) 2018 E2Q 20194 2Q BIE LAB LR = BM MAL AVES | AICETIRALL % £ | 40684 100.0% 100.0% 386 100.9% we EB # HM &) 4155 = 10.2% 433 110.4% © # fl > 4454 109% 500 111.2% eM arr | 3064 7.5% 395 112.9% % £ | 35834 100.0% 100.0% 395 101.1% mw = # HH | 3869 108% 419 110.8% wK 2 # f

  7. Slide 7: Revenue Breakdown

    —- Es 3 = sob BUcEIRIBAXT Db ea (Hil: BAF) (Hil: BAF) “ 40,684 41,070 - 40,000 40,000 35,000 35,000 30,000 30,000 25,000 25,000 20,000 20,000 2018 E2Q 2019%E2Q 20184E2Q 2019%2Q (Hi: BAR) (37 | BA) WM A JB B | 2018 2Q | 2019%H2Q RRB 2018 #2Q | 2019%E2Q BIE ANBERA 35,081 35,315 233 36,081 36,315 233 Z

  8. Slide 8: Operating Income Change Factors

    tae tla BUFR COERER MZ (+) WBA (A) (fi : BAA) AMS 3 A197 PME ES RASA +125 AAI +233 (3248 : 4,955a5m) SBRRLG ft 2 FB +333 (HUSEIRASEIR : 4,45455R) *KSBROMEAMFEAMCOZR, “+ NEA Enehn, BAAAMSI OETTHOET.

  9. Slide 9: Subscriber and Cost Trends

    Bie Oi BWA lk 9 1 hILESICKO, BIEIRIBAC Ie (fr > BAP) 30,000 (Le : %) 26,831 26,948 7-804 7 685 25,000 20,000 15,000 10,000 5,000 201 SE 201 6 2017#E 201 8 2018 E2Q 20194FE2Q mE ANMAEHS mm Ree SOMBER -e-belt (Bh) | HGR HOSA MABHAO HE *KAABOKEME : AVYFIVE DY. RE UW Dy RAY ~—DUD) . AMY, BREE * RUBS TNT

  10. Slide 10: Consolidated Subsidiary Results

    ESR RASHOMRAR MWOWOWI15 3=7—-YavR (FLY-FFAYVZ) (4: BAF) 201842Q 201 92F5E2Q EBL MW MA AUER | ACE TRIEALL & £ ® 4262 100.0% 147 103.5% 2 # # # 152 3.6% A29 80.7% ® # f #@ 152 3.6% A27 82.0% 4 BR fi #28 93 2.2% AQ 89.5% *WOWOWDS 2-7 -YAVYARAORETT. BWOWOW7S2 (iG) es bt #8 2,562 100.0% 100.0% 11 100.5%

  11. Slide 11: Contents (April-September)

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  12. Slide 12: Programming

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  13. Slide 13: Upcoming Programming Lineup

    MENBIVFYYOEALO SIRBRRI17PTIASRE MAUYTILKS Tee MORneH PES Billa) 35th Anniversary Live TOUR FINAL 1128 (+) Wm BA2019 ~mBROYy7YO—IL RmOCAUVAW~ 11A16B (+): 178(B) WOWOW2 D7 FU Foz - WT HIT Degitaer 8 : ‘ WUT 1 1 METI = WOWOWAUSFLESY TITHITCKBIMEME LE ~LINLY4A=y~ WOWOWAUYHILESve#an BHLETFOAVIFELOBIPFARE

  14. Slide 14: Campaign and Collaboration Initiatives

    Wands ABER O HEME 10825 () KDAZAIN—! CWOWOW RGR (#Z=) MRUARAA Asche ; 20194F10A25H (#) BSUS | 2,300F/A (fttx) KATE. BAR (S90FK/A ti) DOBBS (¥ryVAN\—VReZ) BAM: AANA! typA-—tyk+WOWOW) HAREM AAD ES | Fy yN—y WEAfl : 20192F10R25H(#)~2019 12A31E(K)RNDECG MARE : AA! H-EACAAIN-! tHyA—tyk (2,759F0/A - ttt)

  15. Slide 15: FY2019 Full-Year Forecast Subscribers

    20195FE DOAB 201945 ASA Asie) (at: EHF) BURA LCR 20184 Rik MORES ai) BUHAZ BUBALE RMA 660 A50 92.4% RAIA 635 A55 91.3% TERA AFL 25 5 119.6% Sat PRADA TEL 2,901 30 101.0%

  16. Slide 16: FY2019 Full-Year Forecast Income Statement

    2019SFE INSET iB (201945 ASA aie) (Biz : BAR) 2018%E 20192 URAL z IAL a= BUHALL % -&: Bl 82623) 100.0% 100.0% 876 101.1% w= # fl it 6,779 8.2% 820, 112.1% < £ 8 A 7,531 9.1% 468 106.2% Uy at a | 8182 6.3% 417 108.0% % £ | 72,951 100.0% 100.0% 448 100.6% w= # WH 6,237 8.6% 862 113.8% kK ® 8 A 7,048 9

  17. Slide 17: Contents (April-September)

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  18. Slide 18: Quarterly Trends

    MARIS (fiz : fF) 40,294 133,757 281,958 53,752 142,904 302,890 853 1,899 2,880,561 2,880,561 2,880,561 412,957 412,957 412,957 SB | DOERASR Et 7A 8A 9A IRDA 148,201 42,761 50,702 FRAOEX 159,986 48,129 41,023 TEDRDDA ERK Al1,785 A5,368 9,679 A13,458 Fl) ese"! A1,886 A2 240 Al) AMR RAT? 1,818 660 386

  19. Slide 19: Quarterly Results (FY2018)

    BUHAY (2O18F#E) MARIE (fiz : fF) S| DOSHHA SB 2 DOSHHA 5B 2 DOHA SR St 5 3 DOsHHA 3 DORA Et 5 4 DOHA IRDA 151,551 195,416 346,967 142,245 489,212 170,979 660,191 PRL 147,740 142,012 289,752 174,764 464,516 170,584 635,100 TEDRDDA ERK 3,811 53,404 57,215 A32,519 24,696 395 25,091 Fl) ese"! A1,529 1,9

  20. Slide 20: Income Statement (Consolidated)

    UXSctR i GEKA) (8440 > BFA) 2018 B58 200434 IAL Bi FalBALE 100.9% BABAMA 35,081 86.2% 35,315 86.0% 100.7% SOMA 5,602 13.8% 5,755 14.0% 102.7% WF L Ri 23,559 57.9% 23,821 58.0% 101.1% TELA 17,125 42.1% 17,248 42.0% 100.7% Ill REBRO- PSS 12,969 31.9% 12,658 30.8% 97.6% Beale 4,155 10.2% 4,589 11.2% 11

  21. Slide 21: Income Statement (Non-consolidated)

    UXSctK (BAA) (#4: RAPA) 2018 B58 200434 IRAE BF Pal BALE 101.1% BA BOAMA 35,081 97.9% 35,315 97.5% 100.7% EOLA 752 2.1% 915 2.5% 121.6% Wl BLM 20,912 58.4% 20,748 57.3% 99.2% ToL Aa 14,921 41.6% 15,481 42.7% 103.8% Ill ReBRO-PREES 11,051 30.8% 11,192 30.9% 101.3% POSE BAA Alla IV BS NMat 450 1.3% 50

  22. Slide 22: Operating Expenses Breakdown

    BADR (Bf) (#4: BAF) 201 BFF se 200H5 ae MAL OpLRMOEKSAR San 14,327 14,215 99.2% RB aac 2,593 2,608 100.6% BAAS 11,386 11,333 99.5% ZOHBaS 347 273 78.6% AHS 1,405 1,455 103.5% FOFSLATKE 1,286 1,316 102.3% Zot 3,892 3,762 96.6% et 20,912 20,748 99.2% QikTARO-KEBROELOAR Rees 502 390 77.1% RE FAH 153 17

  23. Slide 23: Key Ratios

    a ‘FA mOA (8447 : BFR) 201 OFF BESS 2005489 GBR) Sa AEE le Asa FPRIBR BeReRMIR 19 1 7.8% Beaecwia - (0) - FIRB na 10.7% (Hp) Sa AEE le Asa FPRIBR BeReRMIR 5 18.9% Beaecwia - _ FIRB na 7 10) 10.7% 15.1% Entn, BABAMISDOETTHORT.

  24. Slide 24: Results by Segment

    WT XY BAUD (ifr : BAF) SLE CTXY b Fillet AEB (9428) 20184 E 20194 E AES 20184 201 OF EE AES Pee 2c eee 2m Ml BCE 38,571 38,912 100.9% 4,003 4,466 111.6% TLY-FTAYT 4,262 4,409 103.5% 152 123 80.7% at 42,833 43,322 101.1% 4,155 4,589 110.4% FEE OX) A2,148 A2,251 104.8% - - - ia 40,684 41,070 100.9% 4,

  25. Slide 25: Balance Sheet (Consolidated)

    (8802 : BPS) 20194 3 A311 ARE 201949A 300 Rt BORAT cD Leak RH FEBRILE if fe Be Lt BRAS BISBAL HAE 61,488 66.4% 56,565 64.4% A4,922 92.0% eae 31,066 33.6% 31,248 35.6% 182 100.6% WHA 31,611 34.2% 25,888 29.5% A5,723 81.9% Hea 2,912 3.1% 2,828 3.2% A83 97.1% BAKE 5,000 5.4% 5,000 5.7% - 100.0% BARE 2,

  26. Slide 26: Balance Sheet (Non-consolidated)

    Sania (Bh) (#4: BPA) 20194 3 A311 ARE 2019 9R 300 Rte FURBA & O LEB in FULL fe pelt HISAR BOREAL RHA 54,779 65.3% 49,965 63.0% 44,814 91.2% Bene 29,160 34.7% 29,354 37.0% 194 100.7% WA 30,246 36.0% 24,684 31.1% 45,561 81.6% Bea 2,233 2.7% 2,181 2.8% Ad52 97.7% BASE 5,000 6.0% 5,000 6.3% - 100.0% BAR

  27. Slide 27: Cash Flow Statement

    wr vryya: 7O-tseSs (fz : BAA) 20184 ES 2 WOEHA 2018 | BReaickSotryya-7oO- Bie S ew A Ala 4,428 4,953 525 767 UMA, 5/4. REET 1,593 1,259 A334 3,055 So LRH aR (A : $800) 501 246 A254 203 Tee OMAR (A : $80M) 45,279 4,898 10,178 44,785 tL BBO IR (A + a) 5,526 44,908 410,435 3,338 Ott Al,092 Al617 A524 A

  28. Slide 28: W_O WO W

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