Wowow Inc. · TSE:4839

Wowow — Q1 FY2020 Earnings Presentation

26 slides from Wowow's earnings presentation, July 2019

  1. Slide 1: WOWOW Q1 results presentation

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  2. Slide 2: @ 2019##s a | — qj li- FHRE (4A~6A) @ 2019 ERB © ara

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  3. Slide 3: Q1 results overview

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  4. Slide 4: Q1 summary and subscribers

    20OIOH ER 1EZ II- FEA MOAT 2018 1Q AMA 152 FERIA 148 TERRIA TERE 4 Seat EPROM A ERK 2,880 ra) eB 416 PY) aie 61 "| ARNE KS 2R2WBC SRHBOFT YS RVCAS| WEE (AR2 00ND EIN AIS]. RSME) *2 FAM ROZES CHET SCO O MRR ¢ OWA 20194 E1Q (Bt: FH) BOSE Tal BA LER USE fal BAZ BOSE RIB LG A3 97.8% 12 108.3% Al16 - i]

  5. Slide 5: Subscriber trend

    Saat ERRINA TRL O HES (BAT > HE) “3,000 2.876 2,901 2,890 2,805 2,823 2,756 2,500 auRAS BURRS uA uA auHRS 000 +108 +48 +19 +53 +25 20144 20154 20164E 2017FE 2018%R 2019FH1Q

  6. Slide 6: Q1 results summary

    20197F RSS 1 PUFA UMS (#7 : BAP) 2018410 20194 1Q Bee BALE SM WAL SUSE ARSE | SOAR ADL % £ > 20,056 100.0% 100.0% 221, 101.1% we EB # WH B®) 2281 © 114% 304 113.3% #4 i OB A tt 2,387 11.9% 368 «115.4% me Bi seal ag) 62 8.1% 267 116.5% % ££ ®) 17,750, 100.0% 100.0% 282, 101.6% wm 2 # WH HH) 2166 = 12

  7. Slide 7: Revenue and operating results

    _— — v2 — Soi BERRA a eA Be i: BAA 101.1% i: BAA (Hil: BAF) 20,056 20,277 (Hil: BAF) 20,000 20,000 15,000 15,000 10,000 10,000 20184E1Q 2019=£1Q 20184EH1Q 20194F1Q (Biz: BPS) (4: BBP) IW A JA B | 20184 81Q | 2019%H1Q AIRES 2018 E1Q | 2019 H1Q | Bim BS BAMA 17,456 17,646 189 17,456 17,646 189 EOD tt

  8. Slide 8: Factors in operating income change

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  9. Slide 9: Program cost trend

    Bie Oi BWA lk 9 1 hILESICKO, BIEIRIBAC Ie a: 29,232 wer) 26,831 26948 26,822 ue 7804 7 685 25,000 20,000 15,000 10,000 5,000 37.0% Or T 20154 20164 2017#E 20188E 2018%E1Q 20194H1Q mE ANKRAEHS mma mm tOmBAR 8 helt (Bh) AN BKBME : AUVIF IVE DY, RE UW Dy RAL DU). AR-Y, BRE * RBI T NTH MARE IU IY RXY~—O

  10. Slide 10: Results of subsidiary businesses

    ESR RASHOMRAR MWOWOWI15 3=7—-YavR (FLY-FFAYVZ) (ate : BA) 20187 1Q 201 92F5E1Q EBL MW MA AUER | ACE TRIEALL oa + 1,955 100.0% 100.0% 122 106.3% B ¢ fl # 65 3.4% A50 23.8% @ #8 fl 65 3.4% A48 26.3% HG it Al) tt 44 2.3% A34 23.3% *WOWOWl 5 227 - Ya VY RBAORIE TS. MWOWOWT7FDZA (GK) ot oz £ a 1,286 100.

  11. Slide 11: Topics (April-June)

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  12. Slide 12: Thorough content differentiation

  13. Slide 13: Upcoming programming lineup

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  14. Slide 14: Full-year forecast: subscribers

    20195FE DOAB 201945 ASA Asie) (atin: HE) BURA LCR 20184 Rik MORES ai) AURA Zz BURA LE RMA 660 A50 92.4% RAIA 635 A55 91.3% TERA AFL 25 5 119.6% Sat IEDRADA TERK 2,901 30 101.0%

  15. Slide 15: Full-year forecast: results

    2019SFE INSET iB (201945 ASA aie) (Biz : BAR) 2018%E 20192 URAL z IAL a= BUHALL % -&: Bl 82623) 100.0% 100.0% 876 101.1% w= ® fl it 6,779 8.2% 820, 112.1% < £ 8 A 7,531 9.1% 468 106.2% Uy at a | 8182 6.3% 417 108.0% % £ | 72,951 100.0% 100.0% 448 100.6% a = eH 6,237 8.6% 862 113.8% KR © BB NM 7,048

  16. Slide 16: Appendix: Data (April-June)

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  17. Slide 17: Subscriber data

    MARIE 4A 5A 6A PIAL 28,657 61,362 58,182 148,201 FRAOEX 53,483 47,899 58,604 159,986 TEDRDDA ERK A24,826 13,463 A422 Fl) ese"! A1,385 A499 A2 Al) AMR RAT? 793 662 363 SAAR SR St TERIA HBX 2,876,667 2,890,130 2,889,708 2,889,708 Fl) ese"! 413,904 413,405 413,403 Al) AMR RAT? 64,973 65,635 65,998 (fiz

  18. Slide 18: Subscriber data FY2018

    BUHAY (2O18F#E) MARIE (BAfir : ) S| DOSHHA SB 2 DOSHHA 5B 2 DOHA SR St 5 3 DOsHHA 3 DORA Et 5 4 DOHA IRDA 151,551 195,416 346,967 142,245 489,212 170,979 660,191 PRL 147,740 142,012 289,752 174,764 464,516 170,584 635,100 TEDRDDA ERK 3,811 53,404 57,215 A32,519 24,696 395 25,091 Fl) ese"! A1,529 1,9

  19. Slide 19: Income statement (consolidated)

    UXSctR i GEKA) 2018 E553 | ZOHHA BRBAMA IAL (8440 > BFA) 201927 B58 1 FUERA Bi FalBALE 101.1% EOLA 2,599 13.0% 2,631 101.2% Wl ze ERR 11,323 56.5% 11,453 101.2% ToL RA 8,733 43.5% 8,824 101.0% Il RCH RO- RSE IV BS Na SAS 0 0.0% 0 119.3% HVAC K SRAM 20 0.1% 59 294.8% ABER 36 0.2% 66 180.0% Ent 49 0.2

  20. Slide 20: Income statement (non-consolidated)

    UXSctK (BAA) (#4: RAPA) 2018 E553 | ZOHHA IRAE BF Pal BALE 101.6% BA BOAMA 17,456 98.3% 17,646 EOLA 294 1.7% 387 2.1% 131.5% Wl BLM 10,080 56.8% 10,019 55.6% 99.4% ToL Aa 7,670 43.2% 8,014 44.4% 104.5% Ill ReBRO-PREES 5,504 31.0% 5,505 30.5% 100.0% IV BS NMat 272 1.5% 408 2.3% 149.5% SAS 0 0.0% 0 0.

  21. Slide 21: Expense breakdown

    BADR (Bf) (#7: BAA) 201 8 EE 1 PSHE VERB DB LRMOE SAR a8 6,918 6,813 98.5% IRSA 1,323 1,364 103.1% ARMAS AS 5,421 5,367 99.0% ZO Bas 173 81 46.8% Ries 680 697 102.6% FOFSLUTKA 634 649 102.3% ZOth 1,845 1,858 100.7% at 10,080 10,019 99.4% QMRBRU—BEBROE SAR Weert 209 199 95.5% SEES 68 91 132.8% ABFA 1

  22. Slide 22: Financial data

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  23. Slide 23: Results by segment

    WT XY BAUD (ifr : BAF) SLE CTXY b Fillet 2B (1Ss828) 20184 201945 at 20184 20197 BE at ee 1 ae me se lll! BUX 19,111 19,284 100.9% 2,215 2,569 116.0% TLY-FTAYT 1,955 2,077 106.2% 65 15 23.8% at 21,067 21,361 101.4% 2,281 2,585 113.3% FEE OX) Al,011 A1,084 107.2% - - - ia 20,056 20,277 101.1% 2,281 2

  24. Slide 24: Balance sheet (consolidated)

    (8802 : BPS) 20194 3 A311 ARE 20196A 308 RE BORAT cD Leak RH FEBRILE if fe Be Lt BRAS BISBAL HAE 61,488 66.4% 56,923 65.0% A4,564 92.6% eae 31,066 33.6% 30,661 35.0% A405 98.7% WHA 31,611 34.2% 27,193 31.0% A4,418 86.0% Hea 2,912 3.1% 2,804 3.2% A107 96.3% BAKE 5,000 5.4% 5,000 5.7% - 100.0% BARE 2,

  25. Slide 25: Balance sheet (non-consolidated)

    Sania (Bh) (#4: BPA) 20194 3 A311 ARE 20196 300 Rte FURBA & O LEB in FULL fe pelt HISAR BOREAL RHA 54,779 65.3% 50,479 63.6% A4,300 92.1% Bene 29,160 34.7% 28,836 36.4% A324 98.9% WA 30,246 36.0% 25,966 32.7% 44,279 85.9% Bea 2,233 2.7% 2,119 2.7% A113 94.9% BASE 5,000 6.0% 5,000 6.3% - 100.0% BARRE

  26. Slide 26: Disclaimer and contact

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