Prosiebensat.1 Media Se · XETR:PSM
Prosiebensat.1 Media — Investor Presentation (August 2024)
76 slides from Prosiebensat.1 Media's investor presentation, August 2024
Slide 1: Company presentation
Company presentation © Seven.One / Claudius Pflug
Slide 2: Agenda
AGENDA 01 WHO WE ARE O5 ESG 02 STRATEGY O06 SHARE 03. FINANCIALS / OUTLOOK O7 APPENDIX 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE
Slide 3: ProSiebenSat.1 at a glance
PROSIEBENSAT.1 AT A GLANCE Prosiebensat.1 group revenues: 3,942m +2% Revenues reported; LTM Q2 2024; in EUR; growth in % ENTERTAINMENT | 2,621m +1% ADVERTISING DACH TV CORE 1,566M -4% Non-Core Assets (Non-Advertising only) ADVERTISING DACH DIGITAL & SMART COMMERCE & VENTURES | 908m +15% 303M +10% CO
Slide 4: Agenda
AGENDA 01 WHO WE ARE O5 ESG ( 02 STRATEGY ) O06 SHARE 03. FINANCIALS / OUTLOOK O7 APPENDIX 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE
Slide 5: We have what it takes to reach millions of people every day
WE HAVE WHAT IT TAKES … ~60m ~283m Average monthly visits on TV viewers watching our commerce P7S1 channels platforms3) per month1) ~7m 9.8bn Minutes video Monthly video users viewtime on Joyn2) on Joyn2) >360m >8bn Video minutes per month7) Total video views by Studio71 on YouTube4) 17 Digital ente
Slide 6: We have a great set of assets, capabilities and strengths to build upon
WE HAVE A GREAT SET OF ASSETS, CAPABILITIES AND STRENGTHS TO BUILD UPON Great Entertainment Our digital platform Joyn Market-leading portfolio which offering huge opportunities smart advertising we can build upon for digital expansion products Differentiating content already 15 TV Large reaching all
Slide 7: Our strategic direction is clearly set out
OUR STRATEGIC DIRECTION IS CLEARLY SET OUT 01 Rigorously put consumers first in all we do 02 Strengthen our leadership position in the German-speaking Entertainment market 03 Maximize consumers’ time spend across all media offers and become even more attractive in the digital environment 04 Continue
Slide 8: Our plan for ProSiebenSat.1
OUR PLAN FOR PROSIEBENSAT.1 2024 Mid-term roadmap strategic direction Entertainment • Return to DACH advertising revenue growth Strengthen our leadership position in the supported by good start to the year German-speaking Entertainment market • Increase share of live & local content through addition
Slide 9: Our way forward in Entertainment – maximize video view time
OUR WAY FORWARD IN ENTERTAINMENT – WE WILL MAXIMIZE VIDEO VIEW TIME ACROSS ALL PLATFORMS JOYN AS CENTRAL DIGITAL HUB Interactive features & shopping Local content & own IP “FAST channels”1) Content partnerships VIDEO VIEW TIME Creator-led content boosted Inhouse news Multi-platform windowing 1) Spec
Slide 10: Positioning Joyn as the #1 freely accessible household entertainment brand
WE ARE POSITIONING JOYN AS THE #1 FREELY ACCESSIBLE HOUSEHOLD ENTERTAINMENT AND LIFESTYLE BRAND IN DACH FOR THE ENTIRE FAMILY EXPAND TALENTS ENHANCE TV STRENGTHEN LIVE TV, & LIVE EVENTS & LIBRARY NEWS & SPORTS • New target group for growth • Expand Joyn originals releases • Aggregation of partners’
Slide 11: Windowing approach across linear and digital channels
OUR WINDOWING APPROACH GOING FORWARD HEAVILY RELIES ON USAGE OF CONTENT ACROSS ALL OUR LINEAR AND DIGITAL CHANNELS LINEAR DIGITAL DIGITAL Free & Pay TV AVoD SVoD Features First Run & Library Series First Run & Library Factual Content Kids Content 11
Slide 12: With Joyn in our center, we focus on digital transformation
WITH JOYN IN OUR CENTER, WE WILL STRONGLY FOCUS ON DIGITAL TRANSFORMATION ran.de We position Joyn at the center of our Entertainment universe TV Social channels Media Consequently, we strongly focus on digitization and predominantly grow via digital consumption We leverage all other ProSiebenSat.1 p
Slide 13: We will continue to diversify monetization
WE WILL CONTINUE TO DIVERSIFY MONETIZATION CLASSIC TV ADVANCED TV DIRECT-TO- • Linear TV advertising • Addressable TV CONSUMER • Distribution • Total Video based on CFlight2) • Entertainment X Commerce, • M4E and M4R1) • Advanced targeting e.g., shoppable ads • Programmatic TV • (Live) interaction L
Slide 14: Accelerate digital expansion by capturing attractive growth markets
WE WILL ACCELERATE DIGITAL EXPANSION AND RETURN TO MID-TERM ORGANIC GROWTH BY INCREASINGLY CAPTURING ATTRACTIVE GROWTH MARKETS ENTERTAINMENT REVENUES EXEMPLARY FOCUS MARKETS Illustrative view CAGR ’23-’28 In-stream video advertising1) +12% Digital assets incl. streaming, D2C, … Podcast advertising2)
Slide 15: Commerce & Ventures synergistic with Entertainment core – idle inventory as glue
COMMERCE & VENTURES HIGHLY SYNERGISTIC WITH OUR ENTERTAINMENT CORE – IDLE INVENTORY AS GLUE ~EUR 450M ~EUR 1BN Capital invested of disposed assets1) Disposal proceeds1) MINORITY INVESTMENTS MAJORITY INVESTMENTS IDLE Monetization of idle ad inventory through M4E/M4R2) ADVERTISING Operationally improv
Slide 16: Dating & Video business is the result of a successful media investment
DATING & VIDEO BUSINESS IS THE RESULT OF A SUCCESSFUL MEDIA INVESTMENT – IN 2024, WE ARE FOCUSING ON OPERATIONAL IMPROVEMENT OF THE BUSINESS ~3/4 of revenues generated outside DACH in FY 2023 START IN 2012 TODAY WAY FORWARD From a minority investment … To A Majority Shareholding Of A … Into a next d
Slide 17: Agenda: Financials / Outlook
AGENDA 03 FINANCIALS / OUTLOOK 17
Slide 18: Positive start to the year with revenue growth of 5% in Q2 2024
PROSIEBENSAT.1 CONTINUES ITS POSITIVE START TO THE YEAR WITH REVENUE GROWTH OF 5% IN Q2 2024 COMMENTS • Group revenues were up 5% in Q2 2024 REVENUES, EARNINGS AND CASH FLOW KPIS [IN EUR M] leading to an overall increase of 5% in H1 2024. This positive outcome reflects slight growth in Group Adverti
Slide 19: Entertainment revenues up 3% in Q2 2024
ENTERTAINMENT REVENUES UP 3% IN Q2 2024 DRIVEN BY DIGITAL, DISTRIBUTION AND CONTENT BUSINESS COMMENTS • Entertainment revenues increased by 3% ENTERTAINMENT EXTERNAL REVENUES AND ADJ. EBITDA [IN EUR M] both on reported and on portfolio and currency-adjusted basis in Q2 2024. Half- year growth was 4%
Slide 20: Commerce & Ventures continued dynamic and profitable growth in Q2 2024
COMMERCE & VENTURES SEGMENT CONTINUED ITS DYNAMIC AND PROFITABLE GROWTH IN Q2 2024 COMMENTS • Commerce & Ventures segment recorded COMMERCE & VENTURES EXTERNAL REVENUES AND ADJ. EBITDA [IN EUR M] very dynamic revenue growth of 17% in Q2 2024 and 19% in H1 2024. On portfolio and currency-adjusted bas
Slide 21: Dating & Video still in decline
DATING & VIDEO STILL IN DECLINE - FOCUSING LIVE- STREAMING ON OWNED & OPERATED APPS PAYING OFF COMMENTS • Dating & Video segment revenues DATING & VIDEO EXTERNAL REVENUES AND ADJ. EBITDA [IN EUR M] decreased by 9%, both in Q2 2024 and H1 2024 Q2 2024 Q2 2023 YoY H1 2024 H1 2023 YoY • While Dating re
Slide 22: Financial leverage improved from 3.3x to 2.6x
FINANCIAL LEVERAGE IMPROVED SIGNIFICANTLY FROM 3.3X TO 2.6X COMPARED TO END OF PRIOR YEAR’S SECOND QUARTER NET FINANCIAL DEBT IN EUR M DEBT MATURITY PROFILE IN EUR M -187 SSD2) 2016 SSD2) 2021 Term Loan Extended Term Loan RCF3) 1,153 3.3x1) 2.7x1) 2.6x1) 1,782 1,546 1,595 500 (undrawn) 346 226 225 8
Slide 23: We confirm our financial outlook for full year 2024
WE CONFIRM OUR FINANCIAL OUTLOOK FOR FULL YEAR 2024 FY 2023 FY 2024 TARGET COMMENT • At mid-point of target range, Group expects Entertainment EUR 3,852m Advertising DACH revenues to grow by around +2% (adjusted for Group ~EUR 3.95bn • Entertainment Advertising DACH TV revenues expected to currency
Slide 24: Agenda: Segment deep dives
AGENDA 04 SEGMENT DEEP DIVES 24
Slide 25: Entertainment
entertainment
Slide 26: Entertainment: content, reach, monetization
ENTERTAINMENT CONTENT REACH MONETIZATION Optimization of content and playout More focus on expanding digital Addressing new budgets and new businesses reach and digitization of TV 1) • We can only win the competition in attracting • We distribute our content across various • We market the Group‘s en
Slide 27: Solid recovery of TV ad spend in most industries in Q2 2024
SOLID RECOVERY OF TV AD SPEND IN MOST INDUSTRIES IN Q2 2024 TOP 15 TV ADVERTISING INDUSTRIES Q2/H1 2024, GROSS AD SPEND1) IN EUR M, YOY CHANGE IN +/-% Q2 2024 SPEND vs. PY H1 2024 SPEND vs. PY Cosmetics + Toiletries 562 +27% Cosmetics + Toiletries 1,008 +28% Food 472 +22% Food 952 +28% Services 342
Slide 28: German TV advertising market hit harder by effects of Ukraine war
GERMAN TV ADVERTISING MARKET HIT HARDER BY EFFECTS OF UKRAINE WAR NET TV ADVERTISING MARKET DEVELOPMENT (INDEXED) Gap between net TV advertising markets in Germany vs. simple average of other European countries (U.K., Spain, France and Italy) by c. 12%pts. 105 In contrast to European average, German
Slide 29: Digital advertising continues to grow strongly with resilient TV advertising
DIGITAL ADVERTISING CONTINUES TO GROW STRONGLY UNDERLINING OUR DIGITAL FIRST APPROACH WITH RESILIENT TV ADVERTISING AS CORE BUSINESS GERMAN NET AD MARKET – LONG-TERM DEVELOPMENT in EUR bn COMMENTS TV 2020-2021 2022-24 COVID-19 War in Ukraine • TV ad market reached its peak in 2000 and even though it
Slide 30: TV advertising trend partly compensated by Digital & Smart growth
TV ADVERTISING TREND PARTLY COMPENSATED BY GROWTH IN DIGITAL & SMART ADVERTISING REVENUES ENTERTAINMENT TV ADVERTISING ENTERTAINMENT DIGITAL & SMART REVENUES [IN EUR M] -4% ADVERTISING REVENUES [IN EUR M] +8% CAGR CAGR Digital & Smart Advertising Revenues (Rest of World) Digital & Smart Advertising
Slide 31: Entertainment Advertising DACH revenues continued to improve in Q2 2024
ENTERTAINMENT ADVERTISING DACH REVENUES CONTINUED TO IMPROVE IN Q2 2024 – STEADY INCREASE IN DIGITAL & SMART REVENUE SHARE ENTERTAINMENT ADVERTISING ENTERTAINMENT ADVERTISING DACH DACH REVENUES YOY [IN %] DIGITAL & SMART REVENUES [IN EUR M] 17% 16% 8% 14% 13% 4% 12% 10% 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 32: Advertising DACH revenues in H1 2024 impacted by UEFA EURO 24
ADVERTISING DACH REVENUES IN H1 2024 IMPACTED BY UEFA EURO 24 IN JUNE Entertainment Advertising P7S1 Audience Share DACH revenue A 20-591) development in % vs PY Full Day Prime Time mid-single digit increase 20.3% 20.3% 16.9% 13.9% mid-single digit decline YTD May 2024 June 2024 YTD May 2024 June 20
Slide 33: Expanded advertising target group to A 20-59
WE HAVE EXPANDED ADVERTISING TARGET GROUP TO A 20-59 TO ADDRESS DEMOGRAPHIC CHANGE Target group A 20-59 is dominating media usage by far Average monthly net viewers3) with 174 minutes daily viewing time for TV in 2023, that TV market 2023, in m means TV accounts for almost one-third of total media u
Slide 34: Strong market positions in German TV advertising and audience market
PROSIEBENSAT.1 HAS STRONG MARKET POSITIONS IN THE GERMAN TV ADVERTISING AND AUDIENCE MARKET BASED ON LARGE LOCAL CONTENT FOOTPRINT Market share LOCAL HIGHLIGHTS Nielsen Gross advertising Audience Share Talk of town: Lighthouse formats like Germany’s Next revenue share, Q2 20241) A 20-59, Q2 20242) T
Slide 35: Strong performance of local formats underpins our strategy
STRONG PERFORMANCE OF LOCAL FORMATS UNDERPINS OUR LOCAL, LIVE AND DIGITAL STRATEGY H1 2024 H2 2024 Existing formats Daily soaps New formats New formats +2.6%pts vs. slot average5) “Ronzheimer” “Für alle Fälle Familie” (Prime Time) (Access Time) +2.0%pts vs. slot average5) “Die Superduper Show” “Dest
Slide 36: Linear TV still creates talk of town moments
LINEAR TV STILL CREATES „TALK OF TOWN“ MOMENTS, ALSO WITH GREAT RELEVANCE FOR YOUNGER AUDIENCES Best practice (April 21st 2024) “24 Stunden von und mit Joko & Klaas” New show idea coming in winter 2024/2025 Ø37.0% "Ein sehr gutes Quiz (mit 17.2m Best ProSieben hoher Gewinnsumme)“ Net-reach and there
Slide 37: Strong Bundesliga performance and monetization ecosystem
STRONG BUNDESLIGA PERFORMANCE AND MONETIZATION ECOSYSTEM Recap 2023/2024 Outlook 2024/2025 Up to 30.1% market share Total of 10 live games incl. and 13m viewers per game1), DFL Super Cup and UEFA total of 4.9m video views2) Super Cup Digital extensions Sales BUNDESLIGA • Content hubs on ran.de • 360
Slide 38: Extending our first-class sports offering
EXTENDING OUR FIRST-CLASS SPORTS OFFERING Season 2024/25 Until starting 2028 in Oct NHL season 2023/2024 Ice Hockey World Championship 18 matches Sundays at 6:45PM 29 matches in May 2024 Live and exclusive on ProSieben Live on ProSieben, ProSieben Maxx, Joyn and ran.de Maxx, Joyn and ran.de Videos,
Slide 39: Joyn keeps expanding its reach in DACH
ENTERTAINMENT 36M4) TV households Joyn keeps expanding its REACH IN DACH Germany: The end of “ancillary cost privilege” in cable TV households on July 1st presents a unique opportunity for Joyn to expand market region fueled by stand-out content, strategic presence and user base distribution deals a
Slide 40: Strong growth in HD penetration drives distribution business
STRONG GROWTH IN HD PENETRATION ON ALL PLATFORMS CONTINUES TO DRIVE DISTRIBUTION BUSINESS – ESPECIALLY ON IPTV/OTT PLATFORMS HD FREE-TO-AIR DISTRIBUTION IN M1) 36m TV households in Germany2) NEW JOYN +18% FTA DISTRIBUTION ON SATELLITE, DISTRIBUTION CAGR 13.5 CABLE, IPTV AND OTT/MOBILE DEAL Pre-insta
Slide 41: Joyn - DACH's comprehensive and user-friendly streaming app
JOYN - DACH’S COMPREHENSIVE AND USER-FRIENDLY STREAMING APP Live TV FREE • more than 60 Live TV channels in Germany and more than 100 in Austria • more than 20 FAST channels in Germany • Live – Sport – Events • free access as a key competitive advantage over all other TV apps Video on Demand FREE •
Slide 42: Joyn content strategy: scaling up genre verticals
JOYN CONTENT STRATEGY: SCALING UP GENRE VERTICALS OVER THE NEXT YEARS WITH CONTENT COVERAGE OF ORIGINAL, HYBRID & LICENSE CONTENT SUPPLY 2024 2025 COMEDY REALITY ADVENTURE FOOD Local content: Local content: Local content: show, fiction, daily, show, brand Local content: show, brand brand extension,
Slide 43: Joyn users: a young and high-income target group
JOYN USERS: A YOUNG AND AT THE SAME TIME HIGH- INCOME TARGET GROUP Core Target Group 43% 13% 30% 19 – 49 yrs. Gender 58% 42% female Male Houshold Net 65% 19% 16% Income >EUR 3,000 Device Usage 59% 23% 18% Big Screen VoD vs. Live TV 45% 55% Source: Joyn intern; AGF Videoforschung; AGF SCOPE 1.7; 04/0
Slide 44: Complementary Advanced TV product portfolio
OUR COMPLEMENTARY ADVANCED TV PRODUCT PORTFOLIO ENABLES A WIDE RANGE OF USE CASES – ALWAYS WITH PREMIUM TV QUALITY ADDRESSABLE TV TOTAL VIDEO PROGRAMMATIC TV based on CFlight The power hybrid of TV impact and Germany's first fully integrated Total Easiest linear TV access ever 1:1 targeting Video ad
Slide 45: Addressable TV redefined across all screens
ADDRESSABLE TV REDEFINED: TV CONTENT AND TV USER EXPERIENCE ACROSS ALL SCREENS ADDRESSABLE TV TV LIVESTREAM (TV CONTENT) VOD (TV SCREEN) LIVE TV Smart TV TV Receiver Set-Top-Box/ Gaming console Streaming PC/Laptop/Tablet/ (HbbTV enabled Blu-Ray-Player Box/Stick Smartphone Devices) 45
Slide 46: Building a pan-European ad tech stack
BY PARTNERING WITH RTL GERMANY, WE ARE CREATING ONE OF THE MOST ADVANCED AD TECH STACK AND PROGRAMMATIC BUYING OFFERINGS IN EUROPE BUILDING A PAN-EUROPEAN Linear TV Addressable TV | Connected TV | Online Video AD TECH STACK P7S1 RTL Adserver • Transform core business and digitize Media Manager smart
Slide 47: Campaign Localizer takes geo targeting to the next level
WITH THE CAMPAIGN LOCALIZER WE ARE TAKING GEO TARGETING TO THE NEXT LEVEL COLOGNE We take geo targeting to the next level: ONGOING Use the Campaign Localizer to create TV PROGRAM thousands of individualized campaign motifs (e.g. dealer address) at the push of a button and deliver them on a zip code
Slide 48: Innovative technology behind programmatic TV
INNOVATIVE TECHNOLOGY BEHIND PROGRAMMATIC TV BOOKING PLATFORM/DSP TV ADSERVER AUDIENCE PREDICTION historical AGF TV data + measurement TV-BROADCAST All TV reception channels 48
Slide 49: Most comprehensive crossdevice solution in Germany
MOST COMPREHENSIVE CROSSDEVICE SOLUTION IN GERMANY REACHING 41M HOUSEHOLDS ADVANTAGES • CrossDevice Matching of the devices at household level for addressing audiences using different devices • More control over net reach and contact dose • Incremental reach • Contact Boosting via Reminder • Frequen
Slide 50: Our data advantage: central login service 7Pass
OUR DATA ADVANTAGE: ESTABLISHED CENTRAL LOGIN SERVICE “7PASS” Popular Content as Account provider of a driver for registration Broad roll-out in Seven.One Entertainment world High user acceptance as part of the netID 50
Slide 51: Future-proof targeting setup through 1st party and contextual data
FUTURE-PROOF TARGETING SETUP THROUGH COMBINATION OF 1ST PARTY DATA AND CONTEXTUAL DATA ACTIVATION MITIGATION OF THE COOKIE CALYPSE 2024 Future-proof 7Pass ID-Solutions Contextual Waterfall- + e.g. NetID Targeting Continuous ramp-up Enabling a 100% GDPR- Trust in content quality 100% coverage through
Slide 52: Commerce & Ventures
Commerce & Ventures
Slide 53: Commerce & Ventures contributes to Entertainment business
COMMERCE & VENTURES CONTINUES TO CONTRIBUTE TO OUR ENTERTAINMENT BUSINESS WITH MEDIA USAGE AND ONGOING LEVERAGE OF FURTHER SYNERGIES (incl. NuCom C&V Vehicle Group) Investment • Standardized 360° media testing • Media-for-revenue and media-for- • Bigger minority and majority deals in the form of med
Slide 54: Verivox and Flaconi continue to record solid growth
VERIVOX AND FLACONI CONTINUE TO RECORD SOLID GROWTH EXTERNAL REVENUES [IN EUR M] +7% 179 +19% CAGR 162 CAGR 433 389 130 137 122 336 324 292 80 197 2019 2020 2021 2022 2023 Q2 24 2019 2020 2021 2022 2023 Q2 24 LTM LTM In 2021 and 2022, volatility in Energy market following start of Flaconi shows cons
Slide 55: Dating & Video
Dating & Video
Slide 56: ParshipMeet Group is a leading international player in dating and video
PARSHIPMEET GROUP IS ONE OF THE LEADING INTERNATIONAL PLAYERS IN DATING AND VIDEO DATING With revenues of more than 400 million Euros and around 550 • 20+ years of experience in building happy, long-term relationships employees, ParshipMeet Group is one of the three leading • From making friends and
Slide 57: Dating: apps addressing the global need for meaningful relationships
DATING: OUR APPS ARE ADDRESSING THE GLOBAL NEED FOR MEANINGFUL RELATIONSHIPS ACROSS THE GLOBE Main Brand English-speaking countries Main Brand Europe Matchmaking Matchmaking US/CAN/UK/AUS DACH/NL/BE Niche Brand Young Brand Matchmaking Social Dating DACH DACH/FR/IT/ES 57
Slide 58: Dating affected by increased competition in the U.S.; video benefited
DATING BUSINESS WAS AFFECTED BY INCREASED COMPETITION IN THE U.S. – VIDEO BUSINESS BENEFITED FROM OWNED & OPERATED APPS EXTERNAL REVENUES [IN EUR M] Dating Business Video Business -13% -13% -4% -4% 60 47 B2B 46 52 3 9 +11% 38 42 Owned & Operated, Ads, Subs Q2 2023 Q2 2024 Q2 2023 Q2 2024 • U.S. mark
Slide 59: Improving portfolio and product range
IMPROVING PORTFOLIO AND PRODUCT RANGE DATE MAP The centerpiece of LOVOO’s local, ‘discover love next door’ Dating experience Based on density of users in area Facilitates more meaningful connections in area Curated list of locations helps discover not only people, but LIKE & CHAT also places Users c
Slide 60: Agenda
AGENDA 01 02 03 04 WHO WE ARE STRATEGY FINANCIALS / OUTLOOK SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE < OS ESG O06 SHARE O7 APPENDIX 60
Slide 61: Our approach to sustainability/ESG
OUR APPROACH TO SUSTAINABILITY/ESG P7S1 defines sustainable 1 3 P7S1 has expanded the entrepreneurial activity sustainability organization as an integrated approach for improving in the last years by installing ESG its economic, environmental and social a Sustainability Committee and a performance G
Slide 62: We love to sustain
WE LOVE TO SUSTAIN OUR GOAL Our goal is to implement sustainability as an integral porate Strategy Cor management concept in all areas of the P7S1 Group. Sustainable management as the basis for all our business decisions is to become a matter of course. We take our corporate and social responsibilit
Slide 63: ESG targets integrated in Executive Board compensation
ESG TARGETS FULLY INTEGRATED IN EXECUTIVE BOARD COMPENSATION STRUCTURE COMPENSATION STRUCTURE SPLIT SHORT-TERM INCENTIVE The Short-Term Incentive depends on the 20% business success of ProSiebenSat.1 Group 35 – 40% in the respective financial year. It is calculated based on the target achievements d
Slide 64: Selected non-financial key figures
SELECTED NON-FINANCIAL KEY FIGURES ENVIRONMENTAL SOCIAL 2023 2022 ∆ 2023 2022 ∆ Total energy consumption in GWh 33.09 33.26 -1% Ratio of women (employees) 49.9% 50.1% -0.2 pp share of renewable energy in GWh 22.19 21.99 +1% Ratio of women (management) 36.0% 35.8% +0.2 pp share of non-renewable energ
Slide 65: ESG ratings and rankings
ESG RATINGS AND RANKINGS Climate Change Score: B Rating: AA Average peer performance: Industry-adjusted score: 8 B to B- Top 16% of Media/Entertainment Quality Score ESG risk rating: 11.7 Environment: 3 (Low risk) Social: 2 Industry (Media): 25/306 Governance: 1 Subindustry (Broadcasting): 5/62 Rati
Slide 66: Strategic goals
STRATEGIC GOALS PUBLIC VALUE & CORPORATE CITIZENSHIP • Focus increasingly on socio-politically relevant issues in terms of media and content (Public Value) and social engagement (Corporate Citizenship) and structural expansion of sustainable storytelling DIVERSITY & INCLUSION • Further enhancing div
Slide 67: Agenda
AGENDA 01 WHO WE ARE 02 STRATEGY 03. FINANCIALS / OUTLOOK 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE O5 ESG O06 SHARE O7 APPENDIX 67
Slide 68: ProSiebenSat.1 share
PROSIEBENSAT.1 SHARE SHAREHOLDER STRUCTURE IN % MFE- MEDIAFOREUROPE N.V. 26.58% Free Float 59.12% 11.60% PPF Group N.V 2.70% Treasury Shares ProSiebenSat.1 Media SE BASIC DATA SHARE CAPITAL EUR 233,000,000 STOCK EXCHANGES Frankfurt / Luxembourg ISIN DE000PSM7770 WKN PSM777 COMMON CODE 095725104 SEDO
Slide 69: Covered by financial analysts
PROSIEBENSAT.1 IS CURRENTLY ACTIVELY COVERED BY 14 FINANCIAL ANALYSTS ANALYST COVERAGE BANK ANALYST LATEST RECOMMENDATION Barclays Julien Roch Overweight Citigroup Tom Singlhurst Buy DZ Bank Armin Kremser Buy J.P. Morgan Daniel Kerven Overweight Oddo-BHF Securities Jérôme Bodin Outperform Deutsche B
Slide 70: Agenda
AGENDA 01 WHO WE ARE 02 STRATEGY 03. FINANCIALS / OUTLOOK 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE O05 06 07 ESG SHARE APPENDIX 70
Slide 71: Group P&L
GROUP P&L [in EUR m] Q2 2024 Q2 2023 YoY H1 2024 H1 2023 YoY Revenues 907 868 +5% 1,774 1,683 +5% Adjusted EBITDA 91 79 +14% 163 133 +23% Reconciling items -14 -73 -80% -21 -88 -76% EBITDA 77 7 >+100% 142 44 >+100% Depreciation, amortization and -46 -51 -9% -94 -103 -9% impairments Thereof PPA -4 -7
Slide 72: Group and segment revenue breakdown
GROUP AND SEGMENT REVENUE BREAKDOWN Entertainment Commerce & Ventures Dating & Video Total Group External revenues [in EUR m] Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Advertising revenues 491 484 31 21 522 505 DACH 425 421 31 21 456 442 Thereof TV 349 353 349 353 Thereof Digit
Slide 73: Group and segment revenue breakdown
GROUP AND SEGMENT REVENUE BREAKDOWN Entertainment Commerce & Ventures Dating & Video Total Group External revenues [in EUR m] H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 Advertising revenues 942 916 59 49 1,002 964 DACH 818 796 59 49 877 845 Thereof TV 675 668 675 668 Thereof Dig
Slide 74: Operational KPIs
OPERATIONAL KPIS Q2 2022 Q3 2022 Q4 2022 FY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 Q2 2024 Linear TV Audience Share A 20-591) 21.1% 21.5% 20.1% 20.9% 19.9% 21.6% 20.7% 21.6% 20.9% 20.1% 18.3% Joyn (DE+AT+CH)2) Monthly Video Users3) 4.07m 3.62m 4.84m 4.15m 4.60m 4.51m 4.19m 6.31m 4.90m
Slide 75: Disclaimer
DISCLAIMER This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("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
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