Fubotv Inc. · NYSE:FUBO
Fubotv — Merger or Acquisition (January 2025)
16 slides from Fubotv's merger presentation, Jan 6, 2025
Slide 1: Redefining the Future of Live TV
fubo hulu Redefining the Future of Live TV
Slide 2: Disclaimer
Disclaimer ‘This presentation en the information contained hein shal not constute an offer o buy 0 el othe solctation of an offer to buy or sel any secutties or 8 solctation of ery pron, vote or sppcove nor shel ner be any Isuance or se of sects in any jrsdctonin suhich such offer, eoictation or sal
Slide 3: Transaction Summary
Transaction Summary + FuboTV Inc. ("Fubo") and The Walt Disney Company (with its subsidiaries, “Disney") have agreed to combine the Hulu + Live TV business with Fubo in a new entity ("NewCo") owned by Fubo shareholders and Disney + The combined business will operate under the Fubo publicly traded co
Slide 4: Strategic Rationale
Strategic Rationale Creates enhanced consumer choice through more flexible offerings Enables greater innovation and unlocks sales and marketing opportunities Hulu + Live TV and Fubo are complementary and synergistic businesses Combined company is projected to be well-capitalized and immediately cash
Slide 5: Fubo and Hulu + Live TV: Combining for the Next Phase of Growth
Fubo and Hulu + Live TV: Combining for the Next Phase of Growth North American Subscribers Total Revenue Revenue Growth NewCo% fubo hulu +LIVETV
Slide 6: Enhanced Scale in the Competitive Pay TV Ecosystem
Enhanced Scale in the Competitive Pay TV Ecosystem (Subscrsern ions Representative Pay TV Video Subscribers 13.0 12.8 98 >8.0 8.0 6.2 fubo 46 28 hulu 2.0 19 1.6 | Spectrum xfinity Lie PARENT BRAND of reported Company Figs. Etinalad DBS anc vM4VRD subsenbers per SEP Globe Markt inaizence “Per YouTube
Slide 7: Illustrative Transaction Structure at Closing
Illustrative Transaction Structure at Closing Disney to combine Hulu + Live TV with Fubo under NewCo ~ 4 Fubo to remain publicly traded —~ Disney and Fubo to own 70% and 30% at closing, respectively ~ Fubo and Disney will enter into a new carriage agreement for Disney content 4 an fe ee ea» Disney t
Slide 8: Business Combination Agreement
Business Combination Agreement Transaction Points Closing Conditions Termination Fees & Outside Date Expected Timing Fubo will issue newly created Class B Common Stock to Disney representing a 70% voting interest in Fubo Disney's equity interests in the combined business will be exchangeable into Cl
Slide 9: Live TV
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Slide 10: Fubo At a Glance
Founded in 2015, Fubo is a subscribers access to Packages Overview! Essential Pro Elite Latino $79.99/mo. $91.98/mo. $101.98/mo. $32.99/mo. Content Highlights Local Sports Premium Add-ons National Sports .. 7 ‘ecassponrs areas room CUES rea “GYSES GE ams acc BD alten GER cor (Enero | QU ew Entertain
Slide 11: Hulu + Live TV
Hulu + Live TV Founded in 2017, Hulu + Live TV is a leading US subscription-based live TV and on-demand streaming service. Hulu + Live TV offers the most-watched live sports, news and entertainment networks in addition to Hulu’s streaming library, Disney+, ESPN+ and other premium add-ons. Packages O
Slide 12: Combined Operating Profile
Combined Operating Profile Consumer Offerings & Content Provides enhanced consumer choice of programming packages Fubo to create a new Sports & Broadcasting service, featuring Disney's premier sports and broadcast networks The combined company will Independently negotiate carriage agreements with co
Slide 13: Financial Overview
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Slide 14: Financial Outlook
Financial Outlook 2026 PF Outlook $6.5 - $7.0B $325 - $375M 2027 PF Outlook $7.0 - $7.5B $450 - $550M Target Run-Rate Synergies Content Cost Savings Advertising Optimization Operational Efficiency $120M+ Run-Rate Synergies nce of argo rn-fate series. Adjusted EBITDA non-GAAP measure dined as Net inc
Slide 15: Fubo Pro Forma Capitalization
Fubo Pro Forma Capitalization Amount Adjustments Amount @ Aggregate settlement ayment of $220M of Cash and Cash Equivalents $185 Qs" $375 Dey g cash from Disney, FOX 2029 Convertible Notes 178 178 and WBD received by Total Secured Debt $178 $178 Fubo concurrent with signing transaction Term Loan due
Slide 16: Participants in the Solicitation
Fubo and its directors and executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from the shareholders of Fubo in respect of the Transaction. Information regarding Fubo’s directors and executive o