Wowow Inc. · TSE:4839

Wowow — Q1 FY2021 Earnings Presentation

25 slides from Wowow's earnings presentation, Aug 3, 2020

1. Slide 1: WOWOW Q1 results presentation

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2. Slide 2: Contents

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3. Slide 3: Q1 results highlights

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4. Slide 4: Q1 consolidated results summary

   2O20HES 1 MU4HR MAR (BAL: FR) ance IME Lea 20192 E1Q 2020#E1Q BU) BA BUF IRIBALL Pree AER 148 A48 67.7% FERIERL 160 20 112.5% TEMA Al2 A68 - Aa IEMMAG RL 2,890 A115 96.0% PY) seeeeyye! 413 A10 97.6% A) awe 66 7 5 107.6% "| A-RWSIC KES 2RNBC 3RHBOTYI NAVAS WREBR (AR2300AORENS EITC HS. HRSHRE) *2 HHBR

5. Slide 5: Subscriber trends

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6. Slide 6: Revenue and cost overview

   le 2020 ER 12 FHA UNSC (fu : BAR) 20192 1Q 2020%E1Q BU AE TalBA LCR x if IMAL BUAETRAZ | ATcETAIRALL % £ > 20277\ 100.0% okey 86637 (96.9% we 2H WH mB) 2585 | 12.7% 1677 164.9% @ @ # HH wm) 2756 13.6% 1,652 159.9% ee A aa ae | «1888 9.3% 1176 162.3% a £ | 18033 100.0% mye 8603, 96.7% wo H # FH #| «2

7. Slide 7: Net sales results

   Fis BUFR RAM TL cltt ed 20.277 19,640 Ete BOE EBLE 96.9% (#(u : BAF) 20,000 Bue TAIBALL (84fir : BF) 20,000 96.7% 15,000 15,000 10,000 10,000 2019%1Q 2020%H1Q 20194 1Q 20204210 (#4ii : BBP) (Biz : BBP) IW A JA B | 2019%81Q | 2020%H1Q AIRE 2019%1Q | 2020%H1Q | Bim BR BURA 17,646 17,127 A518 17,646 17

8. Slide 8: Operating profit change factors

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9. Slide 9: Program costs

   BE OPES AM—YI°\Y hORERA: FUbSICkO, BHMBS aH c NY (fit: BPS) (LE : %) 30,000 29,232 50 26,948 26,822 27,004 25,000 as 20,000 37.3% 37.8% 40 15,000 7 35 10,000 6,813 5,000 -_ 4,520 30 25.9% ie} . 1 25 20164 E , 2017#E 20188E 2019FE " 2019¢E81Q 20204 1Q mem AE = TE LAL (AER) eBMEIAT NTE +E (20207) : HO

10. Slide 10: Results by subsidiary and segment

    $B RASH OMSK MWOWOWIS3-=7-Y4aVR (FLY-FTF4Y7) (4: BAF) 20194510 202041 AOE IRB 2 | MA eae eee cacy ee s +: @ 2,077 100.0% 98.0% B Fl #& 15 0.8% A44 - € 8 fH #@ 17 0.8% A45 - M98 A A a 10 0.5% A30 - *WOWOWI 5 2-7 —-YAVYABHKOBMETCT. BWOWOW7S2 (GX) pi + a 1,230 100.0% ; 100.0% 122 109.9% B = Fl 45 3.7%

11. Slide 11: Contents

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12. Slide 12: Programming and content schedule

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13. Slide 13: Full-year forecast

    20205E DUAR 202045 A15a aie) (Ht: FHP) BURA LCR Os em 20204 ate BHA BUBALE RMA 564 66 111,7% REAR 611 19 103.2% TERA AFL A47 47 _ Sat DRA A TERK 2,855 0 100.0%

14. Slide 14: Forecast revenue and profit

    202057E IMSS iB 202045 ASA aie) (8a : BAR) 201 9%F BE 20204E BURA LER ez IMAL BAZ BU RAL % £: | 82450 100.0% 100.0% fPANNés(0) 97.9% w= ® fl it 8,489 10.3% A3,689 56.5% < £ 8 A 9,225 11.2% A4,225 54.2% uw H ae| 3072 6.2% A172, 65.1% % £ | 72,489 > 100.0% 100.0% 97.3% a = eH 7,932 10.9% 59.3% KR © BB

15. Slide 15: Appendix

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16. Slide 16: Subscriber data

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17. Slide 17: Quarterly subscriber trends

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18. Slide 18: Consolidated income statement

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19. Slide 19: Non-consolidated income statement

    UXSctK (BAA) 201 OFF E58 1 PEHA IQA EE (#4 | BFA) BA BOAMA 17,646 97.9% 17,127 98.3% 97.1% EOLA 387 2.1% 301 1.7% 77.9% Wl BLM 10,019 55.6% 7,579 43.5% 75.7% ToL Aa 8,014 44.4% 9,849 56.5% 122.9% Ill ReBRO-PREES 5,505 30.5% 5,513 31.6% 100.2% IV BS NMat 408 2.3% 360 2.1% 88.3% SAS 0 0.0% 0 0.0% 121.

20. Slide 20: Cost breakdown

    BADR (Bf) (Bit: BFS) 201 94 BEBE 1 USES eagle ORERMOEKSAR Se 6813 4,520 66.3% Beas 697 725 104.0% FOFSLATKE 649 657 101.2% Zot 1,858 1,675 90.2% et 10,019 7,579 75.7% QikTARO-KEBROELOAR Pero eeE 291 197 67.7% ABER 1,299 1,289 99.2% BUN 367 349 95.2% KES 1,146 1,056 92.2% NAYV—-LVI-#B 496 481 97.0% Z

21. Slide 21: Extraordinary items

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22. Slide 22: Segment information

    WT XY BAUD (#4: BFA) SLE eTXY b Allee EE (9428) 20194 2020415 AES 20194 2020 AES Se so ee ro Mil BCE 19,284 18,752 97.2% 2,569 4,291 167.0% TLY-FTAYT 2,077 2,035 98.0% 15 A28 - at 21,361 20,788 97.3% 2,585 4,262 164.9% FEE OX) A1,084 Al,147 - - - - ia 20,277 19,640 96.9% 2,585 4,262 164.9% Ke LBOMBA

23. Slide 23: Consolidated balance sheet

    (HL : FD) 2020%3A31 BR 2020" 6A 30BRt AURA & © Lew Ea Csoded # tintit MARE aR Le wHRE 60,045 66.7% 59,456 65.4% A588 99.0% Bene 29,979 33.3% 31,450 34.6% 1,471 104.9% HAA 26,617 29.6% 26,664 29.3% 47 100.2% BEAR 2,850 3.2% 2,720 3.0% A130 95.4% BAS 5,000 5.6% 5,000 5.5% - 100.0% HARARE 2,738 3.0% 2,

24. Slide 24: Non-consolidated balance sheet

    EYER (BA) (HL : FD) 2020%3A31 BR 2020" 6A 30BRt AURA & © Lew Ea Csoded ode ee aR Le wHRE 53,090 65.5% 52,926 64.3% A164 99.7% Bene 27,928 34.5% 29,444 35.7% 1,515 105.4% HAA 25,316 31.2% 25,563 31.0% 246 101.0% BEAR 2,173 2.7% 2,047 2.5% A125 94.2% BAS 5,000 6.2% 5,000 6.1% - 100.0% HARARE 2,738 3.4

25. Slide 25: Closing and notes

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WOWOW — Q1 FY2021 Earnings Presentation on 6ix