Wowow Inc. · TSE:4839

Wowow — Q1 FY2016 Earnings Presentation

27 slides from Wowow's earnings presentation, July 2015

  1. Slide 1: WOWOW Q1 FY2016 Results Presentation

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  2. Slide 2: Contents

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  3. Slide 3: Q1 results summary

    II- MHA JV Sk 201ISFESR 12 TEPRINA PRUE EIS. Peale lc mA eo OIE, RH RESOMAAMMK SBMS, ERMA ROM c 2 SARE A LEU HRV YF IVI - NYE PAVSITOTR X97 -) PFI ASMA HAMABS ESS | © TEBRIN AP UAL ES RIC ite =H) 20144E 1Q 20154E 1Q RRA BIE TARALL SAL 146 30 120.8% PEARL 150 Al7 88.8% TERRIA ERK A5 47 = WS (HE) © SL

  4. Slide 4: Subscriber figures

    lI- FEA MOAT 20lISFER 12 (atin: HE) BUTE PRIA eae 20144 1Q 201542 1Q AUSF RAZ BOSE RIB LG AAD A ER 146 30 120.8% RAIA 150 Al7 88.8% TERA AFL A5 47 - at ERMA 2,644 155 105.9%

  5. Slide 5: Total subscriber trend

    Saat ERRINA TRL O HES (Bt : FH) 3,000 2,799 2,756 2,631 2,648 2,548 2.500 ' 2,000 ; r r 2011 FE 20124 20134E 20144E 20154E1Q

  6. Slide 6: Q1 revenue and income overview

    201 54F RSS 1 PUAFHA UMS tR (fu : BAP) 20144 1Q 2015 1Q AOE DRE LL 2M | MAL SUERRS | AUGER % - | 17375 100.0% 100.0% 900 105.2% ye 2 OR HH) 2796 16.1% A139 95.0% fa @ © fo | 2925 16.8% A142, 95.1% Te A aa ag| —«(1.903——*11.0% A55 97.1% #% £ ) 16709 100.0% 100.0% 904 105.4% wm EH # Hl > «2810 16.8% A

  7. Slide 7: Revenue breakdown

    a ee So-ties BUEIRBAS DL i (seman Ht ie ABLE (84 : BAP) 105.2% (tr: BBP) 105.4% 20,000 20,000 18,275 ; 17,613 15,000 15,000 10,000 10,000 20144E1Q 2015FE1Q 20144E1Q 2015#E1Q (347 | BA) (37 | BA) WM A JB B | 20144 1Q | 2015410 Buse EA 2014E1Q | 201I5#E1Q BUA BS RIAMA 16,164 17,189 1,024 16,164 17,189

  8. Slide 8: Revenue change factors

    tae tla BUFR COERER MEA (+) WEA (A) cet: AM) EUR A Hae +1,024 4829 BOSE AIBA Z ; A142 Sere RRFRAS +50 A156 —_—_—_ MES : 2,925a5n tq C4 Sr (343 : 2,78355R) KS BAORESMEAHCOZR, “+ EMEA * AREA: 7—TILT L EMSORRS IC OA EnEn, BARA MSDOETTHOET.

  9. Slide 9: Revenue and ARPU trends

    Bie Oi RAY. AR-Y, RBSAO (fu : BAP) (LE : %) 30,000 25,000 20,000 15,000 10,000 5,000 Or 2011 FE 20124E 20134 E 2014 20144E1Q 20154E1Q mee 6 SUAS AS mn REEMA mm 2 OHSAS ese bmlt (th) {BB lc KOSAR MABE O XA ABOEME : AUVIFIVE DZ, WE U\Y IY BAS —DUW) . AR-Y. BPRBE BUGS TN THA Wim MAE /\U DY RAY pO) SOMB

  10. Slide 10: WOWOW 24-7 Japan results

    ESRB RASHOMRAR WOWOW24-7-Yava (FLV—-FF1V TREES) (Str: BAF) RR IRAE RII | BUAEIRIRALL oa + eB 1,457 100.0% ; 100.0% 60 104.1% B ¢ fl # Al4 A1.0% 66 - i Fl Al13 A0.9% 66 - SHA te Fl at Al0 A0.7% 45 - *WOWOWIS 2 =7—-YaVABAORMETST. EnEN, BAAAMADOTTHOET.

  11. Slide 11: Contents

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  12. Slide 12: (J—7-i—Iks oration. Allrights reserved,

    (J—7-i—Iks ©2014 Twentieth Century Fox Film Corporation. Allrights reserved,

  13. Slide 13: Tennis championship partnership

    (GREE EME SRT. S77LL FH BROT @Rakuten Japan Open Tennis Championships 2015

  14. Slide 14: WOWOW x Getty Images

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  15. Slide 15: FY2016 subscriber forecast

    2015FE DUAR 201545 AS aaa) (atin: HE) BURA LCR 2014FE Rik (es er) AURA Zz BURA LE RMA 685 A155 T7T4A% RAIA 577 A97 83.2% TERA AFL 108 A58 46.3% Sat IEDRADA TERK 2,156 50 101.8%

  16. Slide 16: FY2016 revenue forecast

    2015FE USS (201545 ASA Ae) (37: BAA) 201445 2015 AURAL 2 MAL AIHA = ABELL % £ | 72631, 100.0% 100.0% 1,568 102.2% yp 2 A MH) 975B 13.4% A1,058 89.2% % € © HH | 10371 14.3% A371, 86.8% uy at a | 6.619 9.1% A619 ~—-90.6% % £ | 69,930 100.0% 100.0% 101.5% gw HE € H Hl 9496 13.6% 88.4% oe e Hw) «9917 14

  17. Slide 17: Contents

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  18. Slide 18: Monthly subscriber data

    MARIE (Bt: A) AE RIM OLR os) eens piags 4A 5A 6A 28 1 USER een Ae Eieach 4 SRI 38,567 89,187 48,139 145,547 30,346 120.8% HME BL 39,012 43,279 51,285 150,367 16,791 88.8% TERRIA A445 45,908 3,146 4,820 47,137 - vy) eee 700 3,004 750 6,390 10,844 - HAAR TEPRILA HER 2,755,885) 2,801,793 2,798,647 INNP

  19. Slide 19: Subscriber data by quarter

    (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

  20. Slide 20: Income statement

    UXSctR i GEKA) (#7 | BF) 20147 S258 1 OEHA IAL 20154 S255 1 OHA Bi FalBALE 105.2% ARBGAMA 16,164 93.0% 17,189 94.1% 106.3% EOLA 1,210 7.0% 1,086 5.9% 89.7% Wl BLM 8,468 48.7% 9,346 51.1% 110.4% ToL Aa 8,906 51.3% 8,929 48.9% 100.3% Ill ReBRO-PREES 6,110 35.2% 6,273 34.3% 102.7% BSeAllgs IV BS NMat 1

  21. Slide 21: Income statement (non-consolidated)

    UXSctK (BAA) 20144 F258 | PU>KEA IQA EE (#4: RAPA) 20152758 1 PUFHA BE fe) BALL 105.4% BRBAMA SOMA 545 3.3% 77.9% Wl ze ERR 8,395 50.2% 110.5% ToL Aa 8,314 49.8% 100.3% Il RCH RO- RSE POSE BAA Alla IV BS Na SAS 0 0.0% 452.7% ABER - - - Ent 243 1.5% 112.8% V BRASH 4 0.0% 0.6% ABER 4 0.0% - - - Ent 0)

  22. Slide 22: Program costs breakdown

    BADR (Bf) (ifr : BAF) 201 42 B38 1 ERA 201 SF BESS 1 ORR BOF ARAL OPLRMOECKSAR Ban 5,158 5,988 116.1% IRE AB ACH Ee 1,156 1,068 123.8% ARAB 3,846 4,760 92.4% SOB 155 160 102.9% pees 706 656 92.8% FOFDLI KB 582 613 105.3% EOtts 1,946 2,015 103.6% at 81395) 9,274 110.5% QUA RU ie IER OF te SAR Pesce 3

  23. Slide 23: Capital expenditure

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  24. Slide 24: Results by segment

    WT XY BAUD (ifr : BAF) SLE CTXY b Fillet 2B (1Ss828) 20144 20155 at 20144 201 SFE at ee 1 ae mer 1 ll! BUX 16,709 17,698 105.9% 2,810 2,600 92.5% TLY-FTAYT 1,457 1,518 104.2% Al4 52 - at 18,167 19,216 105.8% 2,796 2,652 94.9% FEE OX) A792 A940 - - 3 - ia 17,375 18,275 105.2% 2,796 2,656 95.0% KPRLBO

  25. Slide 25: Consolidated balance sheet

    (8802 : BPS) 20154 3 A311 ARE 20154 6 A30B RE BORAT cD Leak RH FEBRILE if fe Be Lt BRAS BISBAL HAE 39,041 62.0% 36,396 60.5% A2,644 93.2% eae 23,950 38.0% 23,713 39.5% A236 99.0% WHA 20,765 33.0% 17,829 29.7% A2,935 85.9% Hea 1,795 2.9% 1,832 3.0% 36 102.0% BAKE 5,000 7.9% 5,000 8.3% - 100.0% BARE 2

  26. Slide 26: Non-consolidated balance sheet

    Sania (Bh) (#4: BPA) 20154 3 A31I ARE 20154 6 A300 RE FURBA & O LEB in FULL fe pelt HISAR BOREAL RHA 34,656 60.6% 32,051 58.6% A2,604 92.5% Bene 22,507 39.4% 22,682 41.4% 174 100.8% WA 20,149 35.2% 17,410 31.8% A2,739 86.4% Bea 1,793 3.1% 1,830 3.3% 36 102.0% BASE 5,000 8.7% 5,000 9.1% - 100.0% BARR

  27. Slide 27: WOWOW contact information

    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

WOWOW — Q1 FY2016 Earnings Presentation on 6ix