Grupo Televisa, S.A.B. · BMV:TLEVISA/CPO
Grupo Televisa, S.A.B — Q2 2026 Earnings Presentation
18 slides from Grupo Televisa, S.A.B's earnings presentation, July 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation SECOND QUARTER 2026 www.televisair.com | ©2025 | 1
Slide 2: Adjustments on the reporting presentation
Adjustments on the reporting presentation Beginning in the fourth quarter of 2025, we present the operating results of our Cable and Sky businesses as a single reportable segment, Telecom, with three revenue categories: Residential, Satellite, and Enterprise. This change in segment reporting is a re
Slide 3: Q2'26 Highlights
Q2’26 Highlights • Revenue declined by 3.0%, while Operating Segment Income (“OSI”) increased by 5.0%, representing a 41.8% margin, continuing CONSOLIDATED the sequential improvements. • OSI margin expanded by approximately 310 basis points, driven by ongoing efficiencies and synergies. • Operating
Slide 4: Televisa's Consolidated Revenue breakdown and OSI
Televisa’s Consolidated Revenue breakdown and OSI REVENUE REVENUE Service Distribution (in Ps. Million) Revenue Y/Y % Residential 10,726 1.8% 75% Satellite 2,513 -20.3% Q2’26 Results Enterprise Telecom 1,050 0.8% 14,289 -3.0% Revenues OSI1 5,978 5.0% 18% OSI Margin 2 41.8% 310 bps 7% 1 Operating seg
Slide 5: Residential & Enterprise: Goals
Residential & Enterprise: Goals With our extensive infrastructure, we will continue to focus on: RESIDENTIAL & ENTERPRISE • Value customers • Keep working on maintaining low levels of churn • Implementing efficiency measures to improve profitability • Optimizing Capex and enhancing Free-Cash-Flow ge
Slide 6: Residential: 15.7 million revenue generating units
Residential: 15.7 million revenue generating units Passed 11.6 thousand additional homes with FTTH in Q2’26 • More than 20.1 million homes passed Total RGUs RGU Mix Million ‣ We reached over 60% of the homes passed with fiber-to-the-home, and are 15.5 15.7 15.7 on track to have a full FTTH network i
Slide 7: Residential & Enterprise: Steady demand in Q2'26
Q2'2 0 272 278 CABLE Q3'2 0 Q4'2 0 270 Q1'2 1 302 Q2'2 1 314 Q3'2 1 329 Q4'2 1 313 Q1'2 2 332 Q2'2 2 326 Q3'2 2 347 Q4'2 2 336 Source: Internal Company data. Q1'2 3 360 Q2'2 3 373 395 Gigabytes Q3'2 3 Q4'2 3 403 Q1'2 4 418 Q2'2 4 456 (For Televisa Cable Customers) Monthly Data Usage Q3'2 4 590 Q4'2
Slide 8: Satellite: Goals
Satellite: Goals Continue to be an important telecom player with 3.1 million RGUs SATELLITE • Offer attractive bundles • Continue innovating on pay TV offers • Focus on Cash Flow generation ©2025 | 8 www.televisair.com | ©2026
Slide 9: Satellite: 3.1 million RGUs
Satellite: 3.1 million RGUs Net-disconnections of 279.1 thousand RGUs in Q2’26, driven by prepaid video subs Total RGUs • The integration with our Residential & Enterprise services Million is set to contribute to reduce churn by having a better customer base management, and cross selling and upselli
Slide 10: Televisa's financial performance
Televisa’s financial performance OSI1 OCF2 Revenue & OSI Margin & OCF Margin 1 8.0 1 8.0 150 8.0.0% 40 .0% 41.8% Q2’26 Results 1 6.0 1 6.0 38.7% 45. 0% 1 6.0 35. 0% 14.7 40 .0% 1 4.0 1 4.0 14.3 1 4.0 30 .0% • Revenue fell by 3.0% YoY, mainly 1 2.0 1 2.0 35. 0% 1 2.0 24.2% driven by the revenue decli
Slide 11: Liquidity and Debt
Liquidity and Debt Total Liquidity1 Total Gross Debt1 Strong liquidity Cash 29.7 Bonds 71.8 position Other 4.1 Bank Loans 10.0 • Total Net Debt of Ps 41.9 billion, Temporary or US$2.4 billion. Considering the 12.2 Leases 7.2 capital increase, the Net Debt to Investments OSI* (LTM) would be 1.6x Tota
Slide 12: Debt Maturity
Debt Maturity Debt Maturity (USD Million) USD Bonds 880 Comfortable MXN Loans 791 liquidity position & MXN Bonds 661 debt maturity 571 600 profile 356 • Weighted average maturity of 300 257 257 17.7 years (USD) and 7.4 years (MXN)1 2027 2029 2032 2037 2040 2043 2045 2046 2049 1 Exchange rate of $17.
Slide 13: Capital Expenditures
Capital Expenditures Capex (USD Million) 1,149 Capex deployment 992 940 focused on higher 860 829 investment returns 645 • In 2026, our Capex-to-sales ratio 493 is expected to be around 25% 2019 2020 2021 2022 2023 2024 2025 Total Capex ©2025 | 13 www.televisair.com | ©2026
Slide 14: Our Purpose Drives Our Sustainability Strategy
Our Purpose Drives Our Sustainability Strategy Bringing people closer to what matters most to them Connecting People ESG Strategy ESG Strategy components are embedded in our business strategy and support ©2025 | 14 www.televisair.com | ©2026 long-term value creation.
Slide 15: ESG Strategy for long-term value creation
ESG Strategy for long-term value creation ESG strategy supports operational excellence, customer growth, talent development and stakeholder trust. ©2025 | 15 www.televisair.com | ©2026
Slide 16: Demonstrating Progress Through Transparency and External Recognition
Demonstrating Progress Through Transparency and External Recognition ESG Ratings Commitments & Memberships Disclosures 8th year receiving the Socially Responsible Company distinctive from CEMEFI Grupo Televisa released its inaugural IFRS S1 and IFRS S2 Grupo Televisa scored 47 disclosures for the fi
Slide 17: Televisa: A strong foundation
Televisa: A strong foundation Focused on building shareholder value Our priorities: • Unique market presence in our core businesses • Innovation across all our operations • Diversified revenue base • Constant transformation of • Mexico’s second largest telecom network our business model • Largest sh
Slide 18: Disclaimer
Disclaimer This presentation contains forward-looking statements regarding the Company’s results and prospects. Actual results could differ materially from these statements. The forward-looking statements in this presentation should be read in conjunction with the factors described in “Item 3. Key I
Grupo Televisa, S.A.B. — Q2 2026 Earnings Presentation on 6ix