Wowow Inc. · TSE:4839

Wowow — Q2 FY2018 Earnings Presentation

28 slides from Wowow's earnings presentation, Oct 27, 2017

  1. Slide 1: WOWOW 2017 Second Quarter Results Presentation

    W_O WO W 201 7 FES 2 FHA REGS 201710278 RoasStt WOWOW

  2. Slide 2: Contents

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  3. Slide 3: Second quarter highlights

    U II- Q 2017FER 2 EHR MN4I7Th INS tHE te & 7SSGHOD, EMAAR BRE PP PES mA e@ THthA-FYF=AAI , "IA YIWEYFXIA PRIVY FLMIMNBFOKET E a -BSOAR-Y BHO), BSRER WRRIVW 7I—-Y ai , © LPLERS, RREREMGANBOLAAe RE LIEMESICK OD, ERMA BRE PPTES URS (38H) “Bik IVW PD CHES) SOMRMAC RR (HL: FE) 2016 2Q 2017 2Q BUF Te RAZ

  4. Slide 4: Subscriber numbers

    201 7HES 208A MARE (HAZ: FE) BUF IA)BA LL 20164E2Q 2017#E 2Q FAR BUF IA)BALL PARMAR 313 A70 77.5% PERE 276 A29 89.4% TERRA EK 37 D4 - Ast iEAMAGE 2,842 A22 99.2%

  5. Slide 5: Subscriber trend

    Saat ERRINA TRL O HES (Biz : FE) 3,000 2.805 2823 2,819 2,756 2,631 2,648 2,500 aUAAZ aH AURA aUHAe AURA +84 +17 +108 +48 +19 2,000 Fr r T r rT 1 20124E 20134 E 201448 20154E 20164 2017#82Q

  6. Slide 6: Income statement summary

    201 72E ESS 2 ERA MSA (3 : BAP) 2016 2Q 2017 2Q BOSE Ta Lee z IAL BOERS | BOER % +t |] 39,240) 100.0% 100.0% 963) 102.5% jw = ® Hw 5,173 13.2% 651 112.6% i 8 8 Al ff 5,529 14.1% 681) 112.3% ee A a ae | 3827 9.8% 457 112.0% % +t | 36163) 100.0% 100.0% A584 98.4% w= # WH 5,210 14.4% 421) 108.1% wK 2 #

  7. Slide 7: Revenue and operating results

    ee soci BUcEIRRA EL aia aie TAIRA tk aieach es (st: BPN) 40.204 102.5%) (ai: aarp 98.4% 40,000 39,240 : 40,000 36,163 35.579 35,000 35,000 86 30,000 30,000 25,000 25,000 20,000 20,000 2016EIE2Q 20171820 2016420 20174620 (it : I) (tt: AFA) WA JA B | 2016%82Q | 2017#H2Q BREE 2016 2Q | 2017#E2Q | Aime

  8. Slide 8: Operating income change factors

    tae tla BUFR COERER MERA (+) my2A (A) 201 (BIIRE (ett: BB) +334 460 (34 : 6,21 lasr) (BUS IRIRASEHS : 5,52955R) *KSBROMEAMFEAMCOZR, “+ NEA Enen, BAARMSDOETTHOET.

  9. Slide 9: Cost trends

    q SHE OPER Bi) ea) BA ck A Be (AY 7k BE PS ETS Te (ain: BPS) (155 : %) 30,000 23,165 22,804 26,831 26,948 70 604 7-685 25,000 Bei 600 20,000 15,000 10,000 5,000 O + 20134#E 201 44E 2015#E 2016#E 2016E2Q 2017#H2Q me 6 MIKES man RS AACS ZOmEAS -e—sob mL (A) *A ABABA: AULYIIVE DY, BR UU Dy KXLY pL) . A

  10. Slide 10: Group company results

    ESR RASHOMRAR MWOWOWI15 3=7—-YavR (FLY-FFAYVZ) (4: BAF) 20164E 2Q 2017#E2Q BU [AIBA LL MW MA AUER | ACE TRIEALL or £— a 4,587 100.0% A1,006 78.1% = # fl #8 A126 A2.8% 163 - «@ B fl af A125 A2.7% 162 - HA Mt fll Zt A82 A1.8% 0. 106 - *WOWOWl 5 227 - Ya VY RBAORIE TS. MWOWOW7FDZ (IB - IMAGICAT 4-947)

  11. Slide 11: Contents

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  12. Slide 12: Strategy

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  13. Slide 13: Programming and content initiatives

    AVUVFILDIYVIFYYROVEBY ¢ VIVORBIL®@ AVIUF IBD ELCAI—b = es BigkIVw BIT ~NBARBRER CERI ROSKS~ 11A5E(A)AY—b (B84) (BERS) "BRR IVW LADO ~—F RROBR~1O ANAT y TOS io a AG WOWOWxHu | us IBER DY A—-k¥PY1a—INo.10 <WOWOWEE>11A208 (A) 29—b (26) (Iai <Huluii> T1288 (DIRIEAI—b (24s) SBA RK STW BRIT —L 12A2H (+) A

  14. Slide 14: Content initiatives and partnerships

    AVUYVFILDIYVIFYYROVEBY ¢ VIVOBIL® oe: HR SIEONDPAU—hicISKBEFARYIVY—YU—-ZOY-AZY 2BAI—h ( ) thROXTUAKBA. LTRRAN. IPC & WOWOW NBUYEYZ-KeAxYIVY—YU—K "WHO | AMy 108298 (A) AY—k(Y—-AY2,. #8) [29h Ose GE) [FS ER ABE] IPC (ERS UY ey JERS) CWOWOWOXRIFOIIIh RRND VEY IASM MBAS2020FR CS FMIcDEO HRRBIEONSPAY—hiB

  15. Slide 15: Full-year forecast: subscribers

    2017FE DUAR 201745 AlSaARIe) (at: EHF) BURA LCR 2016FE Rik AOE Sar) BUHAZ BUBALE RMA 578 Al8 96.9% RRA RL 560 A30 94.7% TERA AFL 19 11 162.1% Sat IEDRADA TERK 2,823 30 101.1%

  16. Slide 16: Full-year forecast: income statement

    201 7FE UNS2S 1H (201745 ASB aie) (37: BAA) 20165 2017 AURAL 2 MAL AVE = UPB = +: | 78253 100.0% Tele §8§— 4.246 105.4% we 2 8 HW a] 10,141 13.0% Al141 88.7% ge @ SB Fl M) 10,282 © 13.1% A882, «91.4% tat a ae| 6.800 8.7% A300 95.6% = £ | 72878 100.0% 100.0% 99.2% mS # WH | 9924 13.6% 87.7% wK 2 # fl

  17. Slide 17: Contents

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  18. Slide 18: Quarterly trends

    MARIE (Bitz : ##) 9A FB O0OE BAR at 49,265 242,445 43,724 : 246,584 SS 1 DORA St 7A 8A PIAL 103,550 46,623 43,007 FRAOEX 124,455 38,807 39,598 TEDRDDA ERK A20,905 7,816 3,409 5,541 A) sae" 41,070 86 A237 578 SAAR SR St TERIA HBX 2,802,280) 2,810,096} 2,813,505) 2,819,046 A) sae" 419,594 419,680 419,

  19. Slide 19: Quarterly results (FY2016)

    BUHA (201644) MARIS (Bz: #) 5 1 COHRA 5B 2 DOERA 5B 2 DO BAR St 5 3 COHHA 58 3 DORA at 5B 4 DOSRA IRDA 175,054 137,608 312,662 126,813 439,475 138,718 FRAOEX 126,643 149,167 275,810 125,397 401,207 158,475 559,682 TEDRDDA ERK 48,411 A11,559 36,852 1,416 38,268 A19,757 A) sae 1,969 1,379 3,348 1,454

  20. Slide 20: Income statement (consolidated)

    UXSctR i GEKA) 201 64 B58 2 CORA IAL 100.0% 201 757 BESS 2 CORA (#7 | BF) Bi FalBALE 102.5% ARBGAMA 34,842 88.8% 34,793 86.5% 99.9% EOLA 4,398 11.2% 5,411 13.5% 123.0% Wl se LRM 21,426 54.6% 21,448 53.3% 100.1% ToL RA 17,814 45.4% 18,755 46.7% 105.3% Ill SRsCH RO MRE 12,641 32.2% 12,931 32.2% 102.3%

  21. Slide 21: Income statement (non-consolidated)

    UXSctK (BAA) (#4: RAPA) 20162 BESS 2 MOHHA 201 72F ESS 2 OER IQA EE BF Pal BALE BA BOAMA 34,842 96.3% 34,793 97.8% 99.9% EOLA 1,321 3.7% 786 2.2% 59.5% Wl BLM 20,202 55.9% 19,095 53.7% 94.5% ToL Aa 15,961 44.1% 16,484 46.3% 103.3% Ill ReBRO-PREES 10,750 29.7% 10,852 30.5% 100.9% IV BS NMat 387 1.1%

  22. Slide 22: Cost of sales breakdown

    BADR (Bf) (#7: BAA) 201 6 ESR 2 Pas VERB DB LRMOE SAR a8 13,833 12,838 92.8% IRSA 2,862 2,493 87.1% ARMAS AS 10,604 9,994 94.3% ZO Bas 366 349 95.4% Ries 1,363 1,371 100.6% FOFSLUTKA 1,224 1,215 99.3% ZOth 3,781 3,670 97.1% at 20,202 19,095 94.5% QMRBRU—BEBROE SAR Weert 617 479 77.6% SEES 146 121 82

  23. Slide 23: Non-operating items

    IPRA DO AER (Hit: BAF) GE) Salles Bese cae - 2 a st - 2 = SRB BeAE RAIA 24 30 124.2% at 24 30 124.2% (3th) SRB BEAR RA 15 29 197.9% EHEN, BAAAMSIOIIETTHOET. (22)

  24. Slide 24: Segment information

    WT XY BAUD (ifr : BAF) SLE CTXY b Fillet REE (1hs828) 20164 E 2017#E at 20164 2017 at some ee RRL sly Bee erat BUX 36,419 38,328 105.2% 5,299 5,821 109.8% TLY-FTAYT 4,587 3,580 78.1% A126 36 - at 41,006 41,908 102.2% 5,173 5,858 113.2% FEE OX) A1,765 A1,704 - - A33 - ia 39,240 40,204 102.5% 5,173 5,

  25. Slide 25: Balance sheet (consolidated)

    (8802 : BPS) 20173 A31ARE 2017#9A 308 RE BORAT cD Leak RH FEBRILE if fe Be Lt BRAS BISBAL HAE 57,747 70.9% 55,671 66.8% A2,075 96.4% eae 23,714 29.1% 27,631 33.2% 3,916 116.5% WHA 29,947 36.8% 28,403 34.1% A544 94.8% Hea 1,782 2.2% 2,880 3.5% 1,098 161.6% BAKE 5,000 6.1% 5,000 6.0% - 100.0% BARE 2,7

  26. Slide 26: Balance sheet (non-consolidated)

    Sawa (Bh) (8862 : BPS) 2017% 3 A31 BRE 2017#9A 300 RE HURBA OLB RH FEBRILE fe Be Lt BAR BISBAL RAE 53,180 70.8% 49,585 65.9% A3,594 93.2% Bese 21,957 29.2% 25,651 34.1% 3,694 116.8% RHA 29,450 39.2% 27,177 36.1% A2,272 92.3% Hear 1,780 2.4% 2,071 2.8% 290 116.3% BAS 5,000 6.7% 5,000 6.6% - 100.0% BA

  27. Slide 27: Cash flow statement

    wr vryya: 7O-tseSs (fz : BAA) 20164 EES 2 WO>EHA 2016 | BReaickSotryya-7oO- Bie S ew A Ala 5,505 6,183 678 9,761 UMA, 5/4. REET 1,640 1,684 44 3,543 So LRH aR (A : $800) 23 A73 A97 A454 Tee OMAR (A : $80M) 46,140 Al2 6,127 A9,853 tL BBO IR (A + a) 6,569 A2,843 A9,413 13,209 Ott A1,704 A226 1,478 41,

  28. Slide 28: Disclaimer and IR contact

    W_O WO W RASC KRW SET SA BAA CAMORMAPR, BEAFL TWSRC KE SHIM RORECE OW ICA BRED RIBLCHO. VAD PAE RESBATWKT. RORRIS, RAGBRICKO CH SRBRBL CMRES PRCGOIDSTCCECHAMBES FAV. RRORMICHA ESTAR SOBRICld, MHROSHTIL—-TF BOBS COR RAR, HROMABEMBEN THOKT. TeHEL, RHIC KEES AGSBRECHSICREENSEO TSHOIEHAD teotatt WOWOW A

WOWOW — Q2 FY2018 Earnings Presentation on 6ix