Slide 1: WOWOW
W_O WO W 2020 RARE Vay "10% ToARA = Sti (2021-20252), . eRe, = BYR BO 20215 tf SSS at Bloc DT 2021475A148 tatstt WOWOW
Slide 2: Agenda
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Slide 3: FY2020 results overview: subscribers
20207 ERE /\TITkO TERRADA PERK BER & He-Ne SB OPE RAD Rech Se fel lc mA © HHMIOF VA IARRIEOZEICKO. AR-Y + RT NY bh ORERR FIEDMERUWVET Lick DO, BIDHWO ERMAFR SABE CBR. © SOULE, ARGEARFO_LERORBBEMLAWKE TSKA-PYF—A, 'PRA-T YF=A P. TLPGASRKRFA-FY1 . "UEFAF PVEAYRU-F) SOAZK-VYIVF YY OWED, HRSOAFie DSRRIVW
Slide 4: FY2020 results overview: financials
2020FERE /M\1TIThKO BEA & be aUata tc WS (HE) © TELEMANN BAMA DBLSEO, BHA C NUR © RA MICOW CS, BHEDWYLTWSbHOO, BLBORMDICMA. WOWOWAYFVYE PAKKUARBICHS RBIAKDEMLTWSTESICKO, BH NRC @ RBA MIRA 1 Ae atl (Siz : BAP) 2019 ERE 2020F Ea BURALE TLE 82,450 79,165 96.0% Ee Silas 8,489 6,789 80.0% eae lead 9,225
Slide 5: FY2020 subscriber changes
20207R MAK 20195 HAMA 564 FREI 611 TERRA ATES A47 Saat EPRI A HERR 2,855 Pa) seeig" 410 PS) eRSERRSZHO? 70 20205E 7 5 (esr A) BURA LCR AUER BUBALE A22 96.2% A5 99.2% Al7 - A63 97.8% Al3 96.9% 5 107.0% "| A-RWSIC ES 2RWBC 3RNBOTYI NAVAS MREGR (AR2 530A OREN e IOC HS|. PRSHIA) *2 HHBRORE CHES SLOORABR
Slide 6: Total subscriber trend
Rat ll EPRI ATRL O HERS 2,855 (HOD: FA) 3,000 2,876 2,901 2,823 2,500 ann anna amaze 1 53 2,000 + - ; a — 2016 2017#E 2018 20194 20204K
Slide 7: Quarterly subscriber trend
le —= U IEPRINAFFELO HER ( HHATETS ) 5B 20K BA DARED IEMA DA PER BE BA & LESS lc (esti FAR) FYI91Q FYI92Q ~=-FYI93Q_~—sFY19.4Q FY20 1Q : | ] | : a : " FY20 2Q "FY204Q A2 7 AQ | ] Al2 Y S820 HALL REO TEKIN AFRO AMILIEFHOT IA lc A24 a A80
Slide 8: FY2020 income statement summary
20207 IWMsiKit (Siz : BAP) 2019FE 20204 RUA RR z IAL a= BUHALL % ££ | 82450) 100.0% 100.0% PAGR2:10 96.0% we = # WN it 8,489 10.3% A1,699 80.0% < £ 8 A 9,225 11.2% A2,291 75.2% uaF ae| 8.072 6.2% 2,129 58.0% % £ | 72,489 100.0% 100.0% MAvAcrey 96.4% Hw = # W # 7,932 10.9% A1,457 81.6% wK 2 # fl & 8,
Slide 9: Net sales comparison
Eis BURAXEL cltt pest ta Bik (eit: BPS) be O. (eit: BPS) .O% 85,000 82,450 80,000 79,165 80,000 3 75,000 72,489 75,000 70,000 70,000 65,000 65,000 60,000 60,000 55,000 55,000 50,000 2019 20205 20198 202088 (fit : APD) (fit : APS) WAKE) 20198 202088 aM 20198 20208 Buna AR BOILA 70,173 67,638 A2,534 7
Slide 10: Operating income change factors
tare tlm AUHRC OG RRR ZA (+) WYER (A) (ati: BPD aaa APBAMAR 42,243 2.534 (BURA : 9,22555R) Ra Mase A353 (#48 : 6,934e5m)
Slide 11: Content costs
BE OPES AMR—YIRYARPBRITFOPIESIC KO, BHR IS RTH ND (ir: BD) (HES | %) 30,000 29,232 50 26,948 26,822 27,004 25.000 24,761 45 20,000 37.1% 40.1% 40 15,000 37.0% 37.3% 35.4% 35 10,000 5,000 30 0 : : : 1 25 20164E 2017#E 2018##E 2019DFE 20208 E me SS Tm (HB) Ble TAC ER EhEh, BAAR OIETTHOEF.
Slide 12: Results of group companies
ESR RASHOMRAR MWOWOWI532>7-YavR (FLVY-FFAYVY) (HL: BPS) 2019FE 2020#E BURA LEER if IRAE WA LE GP ed BUBBLE i + B 9,067 100.0% 346 103.8% SB Ss Fl 266 2.9% A23 91.2% @ #8 WH # 271 3.0% 48 117.7% “4 HR mi OF mt 177 2.0% 19 111.0% *WOWOWT S227 —- Ya VYABKORECS mWOWOW7S2 (iG) i + B 5,233 100.0% 100.0% A
Slide 13: Agenda
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Slide 14: WOWOW
10 → → WOWOW 10 WOWOW WOWOW WOWOW WOWOW WOWOW 10
Slide 15: Management message
1OERERAT—KX YB DGB, DBIFTS. EOS GE PISS UCWIAYIYUMIE BWDP YED<K 4. ZOMBDMIEMS TEC Di artFrPeEENS. ZTICHMISFREDRIA LAL, KCMERREDEEN, PA TIULABENS,] TEEHEAME D fore YIU Ve AIBYIC ats Fe FORE lck#RD 3 heo ZN H(cCBINIL, tt clit BL, ZN IC#LD. wowowld, 7FVEAULIAY-MESREBODAZAT-VEBEL, DYI—-FHVAY BREA DRACSI
Slide 16: Medium-term management plan
1 OERKESWOWOW)L— 7 —,
Slide 17: Medium-term management plan (2021-2025)
im HHA SPS (2021-20254) 2B Ha OB wMat TAX 7H, OS CY FYY - Ds4 tr N LYI-FAYAYb V—-ER WSs =F74-9-EXAZLBHLCB RE *FO/OY—-SE AL Hie WAKELY I—F1 YAY EO AF AP F—ER 4s1=F4°Y-ER “BOSE HE. SMO REP oR LY9—FAYAb CABHA *TPYORBE PHHICBA SHH MLWAYTFYY ‘EOE
Slide 18: UI/UX
AL nA BEA RMMEOALERRT Se Ole. MELEE CY -EAMBE TES DIVPVITSERSKHAUYIIDIV FV Y ORD AMY. FPRBEDSTAILYI—-FIAVAXAV ROMA PM Daa, Brnk7VIA9—, ABBN-KF-—CMEL. Deve EOIVFYYORS DA ARE OD ted OMEROWF ACIEU—-EAO ME (U/UXOKR, IVF VYORRS) D4—KEMNYTIL—-Fic KS -E ANE AAR EIT CX. Bil: MBAS Tats 4+ ORF Jrvigdk, FrveF7
Slide 19: ARPU and subscriber initiatives (2021-2025)
ARR & at (2021-20257) CRT SWOWOWOTE SRE TYYDCERbHDEHEICES. BHDERMG 7 CRHL<K BS. AEMGb 9 CBMCES. HRTSELE UPSETTERS BAL ICO BUBITATIIEDSS “RR PRED SICRES > ‘tag ; DBNSRLE = \ 5 Jf SmMtzS NoteecTERSnceH CO “WE THS AELBEA CML HRD DS “FAECES < TSS XBROMSMLY-ER SBE
Slide 20: Agenda
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Slide 21: FY2021 forecast: subscribers
2021 MAE (Ht: FHP) BURA LCR eyes em 202146 ate AUPAz BUBALE AA 542 188 134.6% REAR 606 104 117.3% TERA AFL A63 83 _ Sat DRA A TERK 2,791 20 100.7%
Slide 22: FY2021 income statement forecast
20217 IWMsaTial (8a : BAR) 20205 2021#E BURA LER ze IMAL AFA BU RAL % £: 8 79,165 100.0% 334] 100.4% j= * H # 6,789 8.6% A3,889 42.7% < © Al @ 6,934 8.8% A3,934 43.3% uy am Ha 2042 3.7% A942} 68.0% % £: 8 69,888) 100.0% 100.0% 711 | 101.0% we Se # Al if 6,475 9.3% D4,175 35.5% hw € #8 FH # 6611 9.5%
Slide 23: FY2021 cost forecast
20217 REETB (F414) 20204E Ris ae (is B32 6,356 YVIKVIP HAR 1,643 Bat 8,000 Po aig Bal 2,688 4: AG) 20218 stil 2,200 1,000 3,200 3,150 Ene, BARAMISDOETTHO ET. Bosak aS ReSE VAT LE
Slide 24: FY2021 schedule of key events
2021 ERO ER AK— YAYVTyY Y RAK—VOMAEHAILPIS =F 1 OME FyA—-RMNB FE 68118 G)~7A118(A) BhA-FYs= 58308 (A)~6A138 (A) erhitkl TEt4 KY FSP TH Leahy FANAA RE! WBA IBFERNY ILRI NF FLlivsV 1 TIL TAVUFA 68208 (A) TLEDHLAVYFIPYIFA: 6AleAI—kb LPGAXFIILIYF— WAM EEF Hides! BRAFA-TY 648 (#2) ~68 (A) KPMG24#2F FOAN7
Slide 25: Agenda
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Slide 26: Subscriber data
MARIE S| DOSHHA 58 2 COHHA 5B 2 DOHA SR St 5 3 DOsHHA 58 3 DOHA SR St 58 4 HHA PIAL 100,289 140,404 240,693 133,711 374,404 167,842 FRAOEX 180,011 127,942 307,953 140,467 448,420 157,121 TEDRDDA ERK A79,722 12,462 467,260 A6,756 A74,016 10,721 Fl) ease"! 46,499 A217 46,716 A3,011 A9,727 A2,992 Al) A
Slide 27: Subscriber data (FY2019)
BUHAY (2O197FE) MARIF (Bair: #F) S| DOSHHA 58 2 COHHA 5B 2 DOHA SR St 5 3 DOsHHA 58 3 DOHA SR St 58 4 HHA IRDA 148,201 133,757 281,958 119,945 401,903 162,012 FRAOEX 159,986 142,904. 302,890 143,744 446,634 164,008 610,642 TEDRDDA ERK Al1,785 A9,147 A20,932 A23,799 444,731 A1,996 46,727 Fl) ease"! A
Slide 28: Income statement (consolidated)
UXSctR i GEKA) (iz : BFA) 2019 RA IAL BA BOAMA 70,173 85.1% 67,638 85.4% 96.4% EOLA 12,277 14.9% 11,526 14.6% 93.9% Wl ze ERR 46,803 56.8% 44,803 56.6% 95.7% ToL Aa 35,647 43.2% 34,362 43.4% 96.4% Ill ReBRO-PREES 27,158 32.9% 27,572 34.8% 101.5% IV BS NMat 746 0.9% 505 0.6% 67.7% SAS 31 0.0% 1 0.0%
Slide 29: Income statement (non-consolidated)
UXSctK (BAA) 20195 (#4 | BFA) BUBBLE BA BOAMA 70,173 96.8% 67,638 96.8% 96.4% EOLA 2,316 3.2% 2,249 3.2% 97.1% Wl BLM 40,329 55.6% 38,770 55.5% 96.1% ToL Aa 32,160 44.4% 31,117 44.5% 96.8% Ill ReBRO-PREES 24,227 33.4% 24,642 35.3% 101.7% SBMA IV BS NMat 656 0.9% 496 0.7% 75.6% SAS 31 0.0% 1 0.0% 36.
Slide 30: Net sales breakdown
BADR (Bf) (Bit: BFS) OR LAMO= te SAR Se 27,004 24,761 91.7% Beas 2,852 3,180 111.5% FOFSLATKE 2,643 2,608 98.7% ZO 7,829 8,220 105.0% et 40,329 38,770 96.1% QRABRU—M SER OZ SAR Rees 1,223 1,067 87.3% ABER 5,184 5,086 98.1% BUN 1,466 1,380 94.2% BESEe 5,450 5,545 101.7% DRIV-LVYI-#B 2,001 2,042 102.1
Slide 31: Extraordinary income and losses
IPRA DO AER (84 : BF) (Gia) Combis BeBe nwes le) ie} 6.4% 5 0) to) 6.4% HeIBA HEBER 9 72 801.1% BesenwR ce} - = AW 7 eRe iia 0) - = REA MSR 634 - = BSR SeLPRStEPAIS 585 177 30.3% SL - 2,131 - (te) Combis GEREN fo) to) 6.4% it 0 0) 6.4% HeIBA HERERO 2 70 - EIA 0 = _ 7 Steins (o) - _ fat - fo} - AEA 6
Slide 32: Results by segment
WT XY BAUD (iz : BAF) SLE CTXY b Fillet cine (SRF zs) 20194 E 20204 BUSALL 2019 KE 20204 BURALE BOK 78,085 74,977 96.0% 8,222 6,572 79.9% FLY-FF4Y7 9,067 9,413 103.8% 266 217 81.5% ir 87,152 84,391 96.8% 8,489 6,789 80.0% 288 (OX) 44,701 A5,225 111.1% - - - i 82,450 79,165 96.0% 8,489 6,789 80.0% Ke
Slide 33: Balance sheet (consolidated)
(HL : FD) 2020%3A31 BR 202143A31 BRE AURA & © Lew Ea Csoded # tintit MARE aR Le wHRE 60,045 66.7% 57,033 63.0% A301 95.0% Bene 29,979 33.3% 33,560 37.0% 3,580 111.9% AIA 26.617 29.6% 26,667 29.4% 49 100.2% Bratt 2,850 3.2% 2,169 2.4% A680 76.1% BAS 5,000 5.6% 5,000 5.5% - 100.0% HARARE 2,738 3.0% 2,
Slide 34: Balance sheet (non-consolidated)
EYER (BA) (HL : FD) 2020%3A31 BR 202143A31 BRE AURA & © Lew Ea Csoded ode ee aR Le wHRE 53,090 65.5% 50,217 61.0% A2873 94.6% Bene 27,928 34.5% 32,149 39.0% 4,221 115.1% AIA 25,316 31.2% 25,694 31.2% 377 101.5% Bratt 2,173 2.7% 2,092 2.5% A80 96.3% BAS 5,000 6.2% 5,000 6.1% - 100.0% HARARE 2,738 3.4
Slide 35: Cash flow
wr vryya: 7O-tseSs 20195 | BRO kot~yya- 7O-— Bite SBA MAAS PUMA, 5/4. RET TELE OIA (A : $800) eA EVRE OWE (A : $M) {LMAO WER (A : ie) 20204 (847 : BFA) EO uN at EMBED SBA Baw koe yYa: 7O- I RAAMICkS¥PY Ya + 7O—- EMBS OM Mle KSI (A : $B) AE RE OW Mc KSINK (A : 3B) RUBE RE OW Ml KSINR (A : 38M) FRMHRN
Slide 36: WOWOW
W_O WO W ©Wwowow : aki kondo/dwarf ABACK SESA 4AM iMORRP lS, WEAFL TWSIBRIC ES HMRORECBOWLATAREO RBLCHAD, UR PEREZ EA TUES. RRO, RAGBRIC KO CH SRBRBL CIMRESBREBISSCCECHMBE FSU RROMM(CVECSASSBR ld, 4MHRO4HTI-SRHOBRBME COR EARS, THOMABED BENTHVIET. Tete L, RMICHBESAGSBRISTNSICRESNSEOD TSEVIECA, ABMICH