Grupo Televisa, S.A.B. · BMV:TLEVISA/CPO
Grupo Televisa, S.A.B — Q4 2025 Earnings Presentation
19 slides from Grupo Televisa, S.A.B's earnings presentation, Feb 27, 2026
Slide 1: Investor Presentation: Fourth Quarter and Full Year 2025
Investor Presentation FOURTH QUARTER AND FULL YEAR 2025 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 categories of revenues: Residential, Satellite, and Enterprise. This change in segment reporting is
Slide 3: 2025 Highlights
2025 Highlights CONSOLIDATED • Revenue and Operating Segment Income (“OSI”) declined by 5.4% and 0.6% respectively, translating into a 39.1% margin. • OSI margin expanded by approximately 190 basis points, driven by ongoing efficiencies and synergies. • Operating Cash Flow (“OCF”)1 margin of 18.4% c
Slide 4: Televisa's Consolidated Revenue breakdown and OSI: 2025 Results
Televisa’s Consolidated Revenue breakdown and OSI REVENUE REVENUE Segment Distribution (in Ps. Million) Revenue Y/Y % Residential 42,182 -1.8% 72% Satellite 12,397 -17.5% 2025 Results Enterprise Telecom 4,300 0.8% 58,878 -5.4% Revenues OSI1 23,022 -0.6% 21% 7% OSI Margin 2 39.1% 1 Operating segment
Slide 5: Televisa's Consolidated Revenue breakdown and OSI: Q4'25 Results
Televisa’s Consolidated Revenue breakdown and OSI REVENUE REVENUE Segment Distribution (in Ps. Million) Revenue Y/Y % Residential 10,561 -0.6% 81% Satellite 2,799 -16.8% Q4’25 Results Enterprise Telecom 1,189 -4.2% 14,548 -4.5% Revenues OSI1 5,948 6.1% 19% OSI Margin 2 40.9% 8% 1 Operating segment i
Slide 6: 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 7: Residential: 15.5 million revenue generating units
Residential: 15.5 million revenue generating units Passed 118 thousand additional homes with FTTH in 2025 • More than 20.0 million homes passed Total RGUs RGU Mix Million ‣ Around 45% homes are passed with fiber-to-the-home, and about 36% with 15.3 15.4 15.5 15.2 15.2 fiber-to-the-node • In 2025, we
Slide 8: Residential & Enterprise: Consumption of data keeps growing
Q4'1 9 216 236 CABLE Q1'2 0 Q2'2 0 272 Q3'2 0 278 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 Source: Internal Company data. Q3'2 2 347 Q4'2 2 336 360 Gigabytes Q1'2 3 Q2'2 3 373 Q3'2 3 395 Data usage remains robust Q4'2 3 403 (For Televisa Cable Customers) Monthly D
Slide 9: Satellite: Goals
Satellite: Goals Continue to be an important telecom player with 3.8 million RGUs SATELLITE • Offer attractive bundles • Continue innovating on pay TV offers • Focus on Cash Flow generation ©2025 | 9 www.televisair.com | ©2026
Slide 10: Satellite: 3.8 million RGUs
Satellite: 3.8 million RGUs Net-disconnections of 1.3 million RGUs in 2025, 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 upselling o
Slide 11: Televisa's financial performance
Televisa’s financial performance OSI1 OCF2 Revenue & OSI Margin & OCF Margin 2025 Results 45. 0% 39.1% 68 .0 30 .0% 60 .0 37.2% 40 .0% • Revenue fell by 5.4% YoY, mainly 22.6% 58. 0 driven by the revenue decline at 62.3 25. 0% 58.9 35. 0% Satellite, despite the steady 50 .0 18.4% 48 .0 revenue in Re
Slide 12: Liquidity and Debt
Liquidity and Debt Total Liquidity1 Total Gross Debt1 Strong liquidity Cash 36.4 Bonds 77.2 position Other 5.9 Bank Loans 10.0 • Total Net Debt of Ps 49.1 billion, Leases 5.4 or US$2.7 billion. Net Debt-to-OSI* (LTM) of 2.0x, excluding leases Total 42.3 Total 92.6 74%, or $1.7B 68%, or $5.1B held in
Slide 13: Debt Maturity
Debt Maturity Debt Maturity (USD Million) Comfortable USD Bonds 880 791 liquidity position & MXN Loans debt maturity MXN Bonds 600 661 555 profile 346 • Weighted average maturity of 300 17.1 years (USD) and 7.9 years 250 250 207 (MXN)1 2026 2027 2029 2032 2037 2040 2043 2045 2046 2049 1 Exchange rat
Slide 14: Capital Expenditures
Capital Expenditures Capex (USD Million) Capex deployment 1,149 focused on higher 992 investment returns 940 860 829 • In 2025, our Capex deployment 645 was US$645 million 493 • In 2026, our Capex-to-sales ratio is expected to be around 25% 2019 2020 2021 2022 2023 2024 2025 Total Capex ©2025 | 14 w
Slide 15: Our Path in Sustainability since 2014
Our Path in Sustainability since 2014 We bring people closer to what matters most to them ESG strategy measured and periodically monitored ESG initiatives designed and executed company-wide through interdisciplinary ＞ Standards and Working Groups recommendation Adoption: ＞ SASB ＞ Sustainability info
Slide 16: Sustainability Strategy: New Approach
Sustainability Strategy: New Approach In 2025 we worked on a new approach to the sustainability strategy. The goal behind it is to have a better alignment with the business strategy, this way, every sustainability effort is reflected as operational efficiency, risk mitigation, and overall business r
Slide 17: Our ESG efforts continue to be acknowledged
Our ESG efforts continue to be acknowledged Grupo Televisa maintained an Grupo Televisa increased 11 Grupo Televisa received a rating ESG rating of “BBB” from MSCI, points compared to 2024 in its of 13.9 in Sustainalytics, which the largest rating agency for Corporate Sustainability categorizes as l
Slide 18: 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 19: 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
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