Prosiebensat.1 Media Se · XETR:PSM
Prosiebensat.1 Media — Q3 2020 Earnings Presentation
27 slides from Prosiebensat.1 Media's earnings presentation, Nov 8, 2020
Slide 1: November 5, 2020
November 5, 2020
Slide 2: Agenda
AGENDA ProSiebenSat.1 Media SE
Slide 3: Status Quo: Q3 2020 with financial rebound and long-term strategic actions
STATUS QUO Q3 2020 WITH FINANCIAL REBOUND AND LONG-TERM STRATEGIC ACTIONS Q3 2020 financial results show early rebound after influence of COVID-19 on Q2 2020 results Revenues stabilized, in particular benefiting from first recovery of advertising market since July 2020 Strict cost management pays of
Slide 4: First advertising sectors recovering in Q3, some sectors still highly impacted
STATUS QUO FIRST ADVERTISING SECTORS RECOVERING IN Q3, SOME SECTORS STILL HIGHLY IMPACTED Top 15 TV advertising business sectors” 9M 2020 spend in EUR bn Q2 2020 vs. PY Q3 2020 vs. PY Services 1% 15% Cosmetics & Toiletries 31% -0% Food “39% 5% Health & Pharma 3% Wi 21% Retail & Mail Order 7% 6% Fina
Slide 5: Agenda
AGENDA ProSiebenSat.1 Media SE
Slide 6: Q3 Financials: External revenues, Group & segments
Q3 FINANCIALS External revenues: Group & segments [in EUR m] Q3 2020 Group 921 Organic 894 Entertainment Group Pe) Organic 498 Red Arrow Studios 166 Organic 166 NuCom Group 172 Organic 172 ParshipMeet Group 84 Organic 58 Q3 2019 926 926 525 526 178 178 170 170 52 52 YoY 1% -4% -5% 5% 41% +62% +1% 9M
Slide 7: Q3 Financials: Adjusted EBITDA, Group & segments
Q3 FINANCIALS Adjusted EBITDA: Group & segments [in EUR m] Q3 2020 Q32019 YoY 9M2020 9M2019 YoY Group 149 131 +13% 328 534 -38% Seven.One 14 121 -6% 268 496 -46% argely in line with Entertainment Group and supported by Red Arrow Studios 15 9 +80% 24 26 -T% nt adj. EBITDA increase at Red ow driven by
Slide 8: Q3 Financials: EBIT, net income, adjusted net income, FCF before M&A
Q3 FINANCIALS EBIT, net income, adjusted net income, FCF before M&A [in EUR m] EBIT Net income” Adjusted net income”) FCF before M&A Media SE Q32020 Q32019 YoY 9M2020 9M 2019 114 64 +79% 159 337 69 34 >100% 52 249 29 46 -36% 36 224 te) “51 -99% seh) “36 1) Attributable to shareholders of P7St; 2) Re
Slide 9: Q3 2020 net debt reduced by EUR 100m vs. Q3 19
Q3 FINANCIALS Q3 2020 NET DEBT REDUCED BY EUR 100M VS. Q3 2019 DESPITE @ SIGNIFICANT M&A-RELATED CAPEX Netfinancialdebt Debt profile [in EUR m] 09/20 12/19 09/19 = Maturity [in EUR m] ! ; ' “EUR 100m i Senior Notes 600 600 600 Apr-21 2,588 > ‘hs Term Loan 151 151 151 Apr-23 2,245 RCF (74m of 750m) 3
Slide 10: Agenda
AGENDA ProSiebenSat.1 Media SE
Slide 11: Operational Update
OPERATIONAL UPDATE Entertainment business with clear focus on Germany, Austria and Switzerland. Investing around EUR 1bn per year in content, with more than half being spent on local formats to drive total reach across platforms We encourage the exchange between the Seven.One Entertainment Group and
Slide 12: Future digital reach built on core assets with strong digital distribution
OPERATIONAL UPDATE | SEVEN.ONE ENTERTAINMENT GROUP OUR FUTURE DIGITAL REACH IS BUILT ON CORE ASSETS WITH STRONG DIGITAL DISTRIBUTION Digital ecosystem Interactive features/Apps _ TV Channel Websites q Complementar\ a z w) \. distribution partner, : agreements e.g. telco * > youn fa) Ovaries other ea
Slide 13: Operational Update: ParshipMeet Group
OPERATIONAL UPDATE | PARSHIPMEET GROUP US 52% of revenues Germany 25% of revenues Rest of World 23% of revenues aed Oo Oo # O @ » © MeetMe Tagged Growir Skout Lovoo Parship eharmony _EllitePartner The mobile Social The gay dating Discover and Leading Parship is THE The US-based —_—The online version
Slide 14: Operational Update: ParshipMeet Group
OPERATIONAL UPDATE | PARSHIPMEET GROUP hipMeet | [EURm] 209 17 124 143 37 44 60 5 2 9 2012 2013 2014 2015 2016 2017 20182019 LTMQ32020 2012 2013 2014 2015 2016 2017 2018 2019 LTM Q3 2020 pro-forma pro-forma Parship Group [ll The Meet Group 2014 2015 2016 2017 2018 2019 20 First Media- Acquisition of
Slide 15: Operational Update: WindStar Medical
OPERATIONAL UPDATE | WINDSTAR MEDICAL 10/2016 FY 2016 EUR 70m external revenues, adj. EBITDA margin of c. 13% (FY 2016) Acquisition of WindStar Medical Holding (EV of EUR 85m, equity value of EUR 71m) 01/2018 Acquisition of OTC brand Zirkulin for EUR 32m, 10/2020 Acquisition by Oakley Capital (EV of
Slide 16: Continued strong growth supported by shift from offline retail to online
OPERATIONAL UPDATE | NUCOM GROUP CONTINUED STRONG GROWTH SUPPORTED BY SHIFT FROM OFFLINE RETAIL TO ONLINE flaconi External revenues flaconi tin Success drivers >45% YOY driven by ongoing shift from offline to online (accelerated through COVID-19) ugh 251 165 » Strong growth continued in Q3 2020 with
Slide 17: Operational Update: Outlook
OPERATIONAL UPDATE | OUTLOOK Comment = Target takes single-digit percentage decline of advertising revenues in Q4 2020 into account = Based on constant exchange rates» and assumption of no further portfolio changes = Full-year adj. EBITDA target reflects impact of COVID-19 pandemic on the Group's bu
Slide 18: Appendix
Slide 19: Appendix: Group P&L
APPENDIX | GROUP P&L GROUP P&L [in EUR m] Q3 2020 Q3 2019 YoY 9M 2020 9M 2019 YoY Revenues 921 926 1% 555) 2,786 -8% Adjusted EBITDA 149 131 +13% 328 534 “38% Reconciling items 25 9 n/a 12 -28 n/a EBITDA 174 122 +43% 340 506 -33% Depreciation, amortization and impairments -60 -58 43% 181 169 +7% The
Slide 20: Appendix: Seven.One Entertainment Group
APPENDIX | SEVEN.ONE ENTERTAINMENT GROUP External revenues and adjusted EBITDA [in EUR m] Q3 2020 Q32019 YoY 9M2020 9M2019 YoY External revenues 499 525 -5% 1,460 1,705 14% Organic 498 526 5% 1,459 1,708 15% Advertising 418 447 -6% 1,228 1,470 17% Distribution 42 39 +8% = 125 116 +9% ution business
Slide 21: Appendix: Red Arrow Studios
APPENDIX | RED ARROW STUDIOS External revenues and adjusted EBITDA [in EUR m] Q3 2020 Q32019 YoY 9M2020 9M2019 YoY : External revenues 166 178 -7% 402 461 13% Organic 166 178 7% 402 461 13% Production 74 98 24% 164 237 “31% o's production business ig in Q3 2020 although to a x : : Global Sales 20 9
Slide 22: Appendix: NuCom Group
APPENDIX | NUCOM GROUP External revenues and adjusted EBITDA [in EUR m] Q32020 Q32019 YoY 9M2020 9M2019 YoY External revenues 172 170 +1% 492 463 +6% Organic 172 170 +1% 478 463 +3% al dropped -25% Consumer Advice 44 59 -25% 142 164 14% onounced COVID-19- e decline of online car platform billiger-mi
Slide 23: Appendix: ParshipMeet Group
APPENDIX | PARSHIPMEET GROUP External revenues and adjusted EBITDA [in EUR m] Q3 2020 Q32019 YoY 9M2020 9M2019 YoY External revenues 84 52 +62% 201 156 +29% Organic 58 52 +1% 175 156 +12% aking business very of restructured Adjusted EBITDA 19 " +73% 51 30 +71% ation benefit in terms of revenues UR 2
Slide 24: Appendix: Operational KPIs, TV consumption above prior year in Q3 2020
APPENDIX | OPERATIONAL KPIS TV CONSUMPTION ABOVE PRIOR YEAR ALSO IN Q3 2020 Seven.One ENT Group Total video viewtime Total daily TV consumption (AGF)? Audience share? Gross TV advertising market share? HD subscribers Q3 2020 245bn min 2n min 27.6% 44.2% 10.4m Q3 2019 253bn min 208 min 28.6% 43.4% 9.
Slide 25: Appendix: Operational KPIs, total video viewtime growing 1% in 9M 2020
APPENDIX | OPERATIONAL KPIS TOTAL VIDEO VIEWTIME GROWING BY 1% IN 9M 2020 @ Seven.One oM om Red Arrow OM OM YoY NuCom OM OM YoY ParshipMeet OM OM ENT Group 2020 ©2019 YoY Studios 2020 ©2019 Group 2020 ©2019 Group 2020 ~—.2019 Yor RAS Consumer 41.3% tof 192 a) +1% Advice # of 2.9m 3.4m 13% production
Slide 26: ProSiebenSat.1 forward-looking statements
ProSiebenSat1 This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("ProSiebenSat.i") or ProSiebenSat. Group, including opinions, estimates and projections regarding ProSiebenSat.l's or ProSiebenSat.1 Group's financial position, business strategy, plans and objec
Slide 27: Slide 27
Prosieben Sat 1 Media — Q3 2020 Earnings Presentation on 6ix