Wowow Inc. · TSE:4839

Wowow — Q2 FY2023 Earnings Presentation

28 slides from Wowow's earnings presentation, October 2022

1. Slide 1: Second Quarter Results Presentation

   2022710A318 BEES S71 Aine totasttLwOWOW ak4I—k : 4839

2. Slide 2: 1. Second quarter results overview

   1. 20227 EB B204HREI\TITk ©2022 WOWOW INC. 2

3. Slide 3: Second quarter results highlights

   2022F ER R2N+RRA NITITEKO mA WOW OW © HIF IC Ho ABAR-Y AY TY Y OBGK + CED D 3 cc COMBSICK DO, AMMAR ARAL C CRT E DO Sim ety A-OMY—-AVHRP BEI TSOP MMAGMICBR. F5lc, WOWOWAYTFYY ROU 2a-PIDP. RE IVITYYOREREMBESKOMEEDAMLICDRDO, RADMA SHEET ®, 8A, 9A e2n A wie CEMA RS ES 20218820 ere wm ARMA HEEL 335 A53

4. Slide 4: Q2 topics: content and programming

   2022FER20+HRE NITFTEKO wowow 2022%#7A~9AOERKEYIA wowow4 y Fz k e 78278 (ck) CWOWOWA YT YY REMLWU- UX =a—PIL Ah-Y e@ 'UEFAF Y YEAYAU-Z) 2022-23Y-ARYP TART YtyYA-— 3+ U-Hy 'LPGARF TILIYP—1 WEE RCE + BCR. e@ 'BRA-PFYTFAA Cd, SHA-SI-bAAS4KEMICM A MEBS (ARABFAX D1 Acta Ris e@ BAER, TWICE, LUNA SEA, GLAY,

5. Slide 5: Consolidated results summary

   2022FER20+HRE NITFTES wowow Ws GE) © DLR SME CH NASEMA DBD LicZ CFIC EO BU © MAAS AE NBIC H 3 KAMA R-Y BH OBRNRBAR TIED ofc t CSIC KO aE (@ic BAR) 2021820 examen — wsmm sks 40,185 38,463 A1,722 95.7% iS Fl eS 1,780 2,065 284 116.0% 11D BRRARA. HENBAERE K2 nen BAA OITTHO ET. ©2022 WOWOW INC. 5

6. Slide 6: 2. Second quarter results details

   2. 20227 ES 2+ RAR 20224 Esta Fis L ©2022 WOWOW INC. 6

7. Slide 7: Subscriber numbers

   2022FERB20N+MREA MARI WOW OW fe (BREF) aise IMAL 21 2 2022722 ae an 20214820 SVEN = ATE TLL PARDO ATRL 335 A53 84.1% PERVERT 400 A58 85.6% IEDM AEE A65 4 - SRE TEVA AEX 2,/27 A107 96.1% A) eee"! 390 A21 94.6% A) aan 77 3 103.4% 1 RWB £S 2 RNR ¢ 3RWAOTY I WRGICAIS HEC (AMR2 530A ORIN Z9O0MIC HS]. ERI

8. Slide 8: Q2 income statement

   20227 ER R20DFRRE MK Geta) wowow (07 BAP) 2021FE2Q 202247 2Q Bu Fe) AA Des Rin MALE in WON: BUSFIRIHAZ BOSEIRRALE sobs 40,185 100.0% SRetsRice Me eleneye = A1,722 95.7% ES Fills 1,537 3.8% AD 5.5% 593s: 138.6% eH ARS 1,780 um 862,065 5.4% 284 ~=116.0% MAKER TS DO HB Yah FI) 26 1,299 3.2% 1,333 3.5%

9. Slide 9: Revenue and cost breakdown

   CITAYhLUNBRELE/BSRAAW IE wowow AFaAP-AYFyYY ava TbY-TFAVFA (HS) rls Bera rls Bera 4,977 476 > 4,877 37,328 8 1,920 1,060 210 2021F#2Q 2022 £2Q 2021 2Q 20224 2Q 20214 2Q 2022 2Q 2021 2Q 2022 2Q KENEn BARBS OIE TTHOKT. KERTAXY KOBE, LAXYMAMSIZEA THIET. ©2022 WOWOW INC. 9

10. Slide 10: Operating profit change analysis

    tie Flat FAR COARE wowow amEzw (+) WL2A) (A) EOtth SEMA (4B) +479 A1,717 Baw +2,327 FNW- FRAN A525 A280 ___........ MMM | t (348 : 2.06557) (RFRA : 1,783085F) XSER ORAS C OBR, “+ DNSBA. EHENAAAAMISD OITTHOET. ©2022 WOWOW INC. 10

11. Slide 11: Subscription revenue trend

    BWA OHB wowow BUSES ABAMR—Y IY TY Y SHG AE (Hic) mem HR (BAC) 0 FSLABLL(HIA) (115%) 29,232 27,004 27,083 15,556 13,228 44.4% 39.7% 2018 E 2019 20205 2021FE 20214FE2Q 2022 E2Q KBUBIST A TH KENEN BARA MIS OIETTHOET. ©2022 WOWOW INC. 11

12. Slide 12: Balance sheet and cash flow

    20228, 202348 MAHG (202245n138aRis) WOWOW 202148 Rik 202248 AURAL RR 20235 te anne AUB a (BAF) aD A HK RRA APL TERRDDA EEK Sat ERMA aes 612 723 All] 2,680 A32 A93 61 A50 94.8% 87.1% 98.1% [Mepel@) ©2022 WOWOW INC 12

13. Slide 13: FY2022 full-year forecast

    20225E WRB OEH) (2022%10831 aR) 2021 FE Ri 2022F8 tH IRA Ee Rin INA Ee ate ZL 79,657 eee 76,500 100.0% Sse Fillet 5,268 6.6% Eyactole) €E 3S FURS 5,349 wer §=2,500 RAMEE S 24 BANE Fl tt 4,239 5.3% a mele]e) XHBR : BAO LBILE LTH38.0%E RIAD (202248 Mths LSP : 66,7008 AFI) XERBBL—h:1RILI45 KEnNEnAAAAMI

14. Slide 14: Dividend forecast

    202278 ASHE (202245F138a8R) wowow Bc 34 77 st SERFROR, VER OM. PRAR MBS CeMANICHRRLT. ABBRORRERYD DO D. MHC REN GES BL THOT. 571 F Bt S He /fc 3 mm RCO EAC (Si) erste 89.6% 80 80 80 os 50 20184 2019 E 2020 2021FE 202258 (stif) >< BABA 4507+ fe Ol Face 109 ©2022 WOWOW INC. 14

15. Slide 15: 3. Topics

    3. FROMO HH ©2022 WOWOWINC. | 15

16. Slide 16: Subscriber trend by quarter

    TERRA PRIS OG ER KOM AAA wis wowow (Biz : FHF) 13 FY20 nH al FY21 20 FY21 3Q_ FY21 4Q FY22 1Q a FY204Q FY211Q Fv222a | FY22 3Q~4Q (BiAd) ou A16 A30 A103 AT3 ©2022 WOWOWINC. | 16

17. Slide 17: Amazon Fire TV partnership

    Amazon Fire TVA S5WOWOWODIA dD BE le MAFRE OMR16S 5S UIC BEORMET. S5ICBL ORE SEAWOWOWSSRLAW TSE SIC fire tv pwowow — Tt 7 Amazon, Fires KOSS TORIEO Tt. Amazon.com|nc.& tlt FOMEBRAOMIRCST ©2022 WOWOWINC. | 17

18. Slide 18: Live music programming schedule

    FIE-BARKRKELDM > DT 7E F7e— wowow FAKVYF 2022 FIAANY IL A—-PL-R-VAYVA BOES, YY—X Ayy—-7rF5— 10830 (A) ~11A8278 (A) 115198 (+) = Nitto a, 7 BFF=—Z Nitto Kea xv 9y— ATPT7TFILX ORK RESE FINALS 11A138 (8)~11A208 (8) ©2022 WOWOWINC. | 18

19. Slide 19: Live music broadcasts and streaming

    FRIAS CTARP-—TFIAKDIT TIMER EY SEKAI NO OWARI DOME TOUR 2022 ‘Du Gara Di Dus 118278 (A) BRKIVW MAO AISA (B)AZ—b (2654) (8 ea] back number ‘SCENT OF HUMOR TOUR 2022; 11A198 (4) FBI4: Sea 2E BE 12A17B (4) A9—k (2258) (8 lea RECA] Tre Al fights Record ©2022 WOWOW INC. 19

20. Slide 20: Appendix

    Appendix ©2022 WOWOWINC. | 20

21. Slide 21: IR Databook

    IR DATABOOK https://corporate.wowow.co.jp/ir/finance/databook/

22. Slide 22: WOWOW at a glance

    10 → → WOWOW 10 WOWOW WOWOW WOWOW WOWOW WOWOW 10

23. Slide 23: Brand and purpose

    1lOPRIATF—KAYVR WOWOW DKS, DEWS,. [ESSE PSISSULWDYIUVIE, BUD PVYED< So ZOMBDIEMRSTCEC Di artrr+MEENS,. ZTCICROFRDRIMULGLY KCMCCRAVMEEN, PATRLD BENS. README IV FV VE AWICHITISEITORRIR Do feo HicBMmMl, HiciheL. HicwkUS. wowowld, JDP VED7ULTY—-PESRBOAZAT-VEREL, DYY—-FHFYVAVEMEAMREACSIVVYVEROET, ©2022 W

24. Slide 24: Medium-term plan

    1lOF=RIEWOWOW)L-7F wowow ©2022 WOWOWINC. | 24

25. Slide 25: Medium-term management plan 2021-2025

    CP BA ES (2021-20252) wowow SB Bt Ma OB wat TRAX S44 PH) OS CNY YY-dWs4at7r1#HN LYI-FTYAYbY-ER *Sa= 74-9 -E ACL +7 O/ OSS Fea WRN IYI—-F-1Y XY HOM AF IAP Y—-ER Asa=F4-F-ER “BGS BCE “HE. SMBO RABY ABE LYI—FAYAPb ASIA TPYORBE WHHICRA SHS MLVAYTFYY ‘MEOH ©2022 WOWOWINC. | 25

26. Slide 26: UI/UX

    BAM) # wowow BeARMEBORMLERMI Sicole, MELCMRG A CT-EARHETES UAT 4 - Y-EROBSE 35054-7747 - V-ERZOKE 4LyV9I—-FIYAVE-: Y—EROHEL BDDYFYIYTFERSEKBAUIFILIAYT YY ORF BAK-Y, BREEDITILYI-FAVAY LOMA OD HE BBN 7VIT9—, WBN -ht+-CRL, DPVELBIYTYYO AF BO MARREE LO OO HER OME BACHE —E ADORE (U/UXOKR, TV TFVY YORE) B

27. Slide 27: Medium-term plan initiatives

    PHAHE S sti (2021-2025FE8) CRAFT SWOWOWOH FE AYIFYYIOCERST CHEERS. BHOLEMGDCEL< BS. AEBD 3 EBIMCES. HRISRLE UP Ia RTES BALI BBBIATIICOSS ements \ “WOTRET TERENCE REET THL = ——-— CRRTES — KRIROMIML VY CREE ©2022 WOWOWINC. | 27

28. Slide 28: WOWOW

    W_O WO W @WOWOW ° aki kondo/dwarf ABS SCRA SARC MORM PRIS, REAFL TW SIRT ES HUM ROR ECE ie KATA REO RIL THO, VAT PMERIEZ BA TWEETS RRO RMS, RAGBRIC KO CNSR CIMRESBREEISSTLES BABE FSU. RRO RICE SARSBRRcld, BMHRUYATID— FEUHOBRME CO ESA. TROMMBEMBENTHOET. Tete L, RMBICHBSSABSRRECNSICRESNSSOO THAI EKA.

Wowow — Q2 FY2023 Earnings Presentation on 6ix