ProSiebenSat.1 Media SE · XETR:PSM
ProSiebenSat.1 Media — Q1 2015 Earnings Presentation
19 slides from ProSiebenSat.1 Media's earnings presentation, May 7, 2015
Slide 1: Q1 2015 Press Presentation
Q1 2015 PressPresentation Press Presentation Thomas Ebeling Chief Executive Officer May 07, 2015 | May 07, 2015 Page 1
Slide 2: Key financials – Q1 2015
Key financials – Q1 2015 [Q1 2015 vs. Q1 2014, in EURm] Revenues 654.6 +12.7% ✔ Recurring EBITDA 152.7 +9.0% ✔ Underlying net income 69.9 +25.4% ✔ | May 07, 2015 Page 2 Continuing operations.
Slide 3: Continued dynamic growth across all three business segments
Continued dynamic growth across all three business segments Broadcasting Digital & Adjacent Content Production German-speaking & Global Sales Digital Entertainment +21.3% TV Advertising +4.2% Digital Commerce +44.3% Distribution +26.4% Adjacent +12.0% Revenue +EUR 22m +EUR 32m +EUR 20m growth (Q1 20
Slide 4: Strong viewer share growth across German-speaking markets
Strong viewer share growth across German-speaking markets Q1 2014 Q1 2015 Germany 28.4% 28.9% Austria 20.2% 21.5% Switzerland 16.3% 18.3% | May 07, 2015 Page 4 Basis for GER: All German TV households (Germany + EU), A 14-49 years; Mon-Sun, full day 3-3h. Source: AGF in cooperation with GfK / TV Scop
Slide 5: Positive advertising start in Q1 2015
Positive advertising start in Q1 2015 Strong German net TV ad market growth in Q1 ✔ P7S1 German-speaking FTA also with strong TV ad growth of 4.2% ✔ Continued increase of TV share in media mix1 ✔ Continued positive net pricing development ✔ First customers for regional TV advertising ✔ | May 07, 201
Slide 6: Market leading positions in our seven D&A verticals
Market leading positions in our seven D&A verticals Market position increased stake A Digital Entertainment B Digital Commerce C Adjacent Music, Artist Mgmt., Ad VoD Pay VoD Games M4R/E 7Travel 7Commerce3 Live, Licensing Top Top Beauty & Accessories4 #1 #1 #4 31 32 #1 #1 #2 #1 #2 #1 #3 Top #1 5 Top
Slide 7: Established new Beauty & Accessories vertical
Established new Beauty & Accessories vertical ProSiebenSat.1 stake +170% Q1 2015 vs. 100%1 75%1 51% Q1 20142 #1 in #2 in Top 5 in sexual wellness online beauty & care online jewelry retail main-stream | May 07, 2015 Page 7 1. Acquisitions of remaining 53% equity stake in Flaconi and additional 52% e
Slide 8: Amorelie launches in France, supported by our Media Alliance
Amorelie launches in France, supported by our Media Alliance Our Pan-European Media Alliance with >200m reach Our asset Amorelie “exported” to France Export supported by Media Alliance partner TF1 | May 07, 2015 Page 8
Slide 9: Red Arrow: Record breaking Amazon series Bosch recommissioned
Red Arrow: Record breaking Amazon series Bosch recommissioned Most watched show on Amazon Prime Instant Video1 Biggest debut weekend ever for an Amazon Original Series Season 2 ordered only one month after the release of season 1 | May 07, 2015 Page 9 1. Across all movies and TV series in its first
Slide 10: Q1 2015 Financial Performance Review
Q1 2015 Financial Performance Dr. Gunnar Wiedenfels Review Chief Financial Officer | May 07, 2015 Page 10
Slide 11: Double-digit revenue growth translates into EUR 13m recurring EBITDA improvement
Q1 2015: double-digit revenue growth translates into EUR 13m recurring EBITDA improvement Consolidated revenues Recurring EBITDA [in EURm] [in EURm] +12.7% +9.0% 654.6 152.7 581.1 150 140.1 600 400 100 200 50 0 0 Q1 2014 Q1 2015 Q1 2014 Q1 2015 Recurring EBITDA margin: 23.3% (-0.8%pts) | May 07, 201
Slide 12: Q1 2015: key revenue growth drivers of ProSiebenSat.1
Q1 2015: key revenue growth drivers of ProSiebenSat.1 Key Group revenue growth drivers [Q1 2015 external revenues, growth rates in percent] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 470.8m, +4.8% EUR 138.2m, +30.4% EUR 45.6m, +75.6% Digital Entertainment E
Slide 13: Significant improvement of financial result and underlying net income
Q1 2015: significant improvement of financial result and underlying net income Financial result Underlying net income [in EURm] [in EURm] -25.9% +25.4% 20 80 69.9 0 60 55.7 -20 40 -40 -28.4 20 -38.3 -60 0 Q1 2014 Q1 2015 Q1 2014 Q1 2015 | May 07, 2015 Page 13 Continuing operations.
Slide 14: Financial targets for 2015
Financial targets for 2015 Group revenue growth mid to high-single digit Recurring EBITDA above prior year Underlying net income above prior year Financial leverage 1.5x – 2.5x | May 07, 2015 Page 14 Continuing operations.
Slide 15: Outlook 2015
Outlook 2015 Thomas Ebeling Chief Executive Officer | May 07, 2015 Page 15
Slide 16: We confirm our positive 2015 full-year guidance
We confirm our positive 2015 full-year guidance Mid to high-single digit Group revenue growth ✔ Ad performance at least in line with positive net TV ad market ✔ Digital & Adjacent with double-digit revenue growth ✔ Recurring EBITDA and underlying net income above prior year ✔ | May 07, 2015 Page 16
Slide 17: Well on track to hit our 2018 Group revenue growth target
Well on track to hit our 2018 Group revenue growth target Degree of achievement 53% 51% 126% 59% [Achievement by Q1 2015, 1,000 in EURm] 1.000 800 600 600 593 400 300 37.5% linear projection of CMD target 200 308 126 158 100 0 Broadcasting German-speaking Digital & Adjacent Content Production & Glob
Slide 18: Disclaimer
Disclaimer This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media AG ("ProSiebenSat.1") or ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1's or ProSiebenSat.1 Group's financial position, business strategy, plans and objecti
Slide 19: | May 07, 2015 Page 19
ProSiebenSat. MediaAG | May 07, 2015 Page 19