Prosiebensat.1 Media Se · XETR:PSM
Prosiebensat.1 Media — Q2 2015 Earnings Presentation
77 slides from Prosiebensat.1 Media's earnings presentation, Jul 30, 2015
Slide 1: Q2 2015 IR Presentation
Q2 2015 IR Presentation July 30, 2015 | July 30, 2015 Page 1
Slide 2: Agenda
Agenda 1 Q2 2015 – At a Glance 2 Q2 2015 – Financial Performance Review Q2 2015 – Operational Performance 3.1 Broadcasting German-speaking 3 3.2 Digital & Adjacent 3.3 Content Production & Global Sales 4 Summary & Outlook | July 30, 2015 Page 2
Slide 3: Q2 2015 At a Glance
Q2 2015 At a Glance Thomas Ebeling Chief Executive Officer | July 30, 2015 Page 3
Slide 4: Key financials – Q2 2015
1 2 3 4 Q2 2015 – At a Glance Key financials – Q2 2015 [Q2 2015 vs. Q2 2014, in EURm] Revenues 772.5 +11.8% ✔ Recurring EBITDA 237.6 +8.4% ✔ Underlying net income 118.2 +9.3% ✔ | July 30, 2015 Page 4 Continuing operations.
Slide 5: Continued dynamic growth across all three business segments
1 2 3 4 Q2 2015 – At a Glance Continued dynamic growth across all three business segments Broadcasting Digital & Adjacent Content Production German-speaking & Global Sales Digital Entertainment +15.6% TV Advertising +2.6% Digital Commerce +32.6% Distribution +30.9% Adjacent +6.8% Revenue +EUR 23m +E
Slide 6: Major operational highlights
1 2 3 4 Q2 2015 – At a Glance Major operational highlights Best H1 TV ratings performance in the last ten years ✔ ProSiebenSat.1 with positive TV ad performance in H1 ✔ Improved our digital competitiveness and growth profile with four transactions ✔ Investment into Ad Tech/programmatic advertising p
Slide 7: We have recently acquired four strategically important assets
1 2 3 4 Q2 2015 – At a Glance We have recently acquired four strategically important assets Shape new Online Take leading position Build leading advertising Improve online video Rationale Comparison vertical globally in MCN market technology ecosystem monetization Market position #1 Top5 #1 #1 energ
Slide 8: “String of pearls” M&A strategy continues
1 2 3 4 Q2 2015 – At a Glance “String of pearls” M&A strategy continues Focus on digital Investment consideration Main approach Attractive shareholder value creation potential: • “String of pearls” of • Building European smaller and larger digital commerce • Synergies with TV and/or existing bolt-on
Slide 9: Well on track to hit our 2018 Group revenue growth target
1 2 3 4 Q2 2015 – At a Glance Well on track to hit our 2018 Group revenue growth target Degree of achievement 61% 57% 150% 67% [Achievement by Q2 2015, 1,000 in EURm] 1.000 800 600 600 674 400 300 42.0% linear projection 343 150 of CMD target 200 182 100 0 Broadcasting German-speaking Digital & Adja
Slide 10: We update our 2015 segment revenue growth assumptions…
1 2 3 4 Q2 2015 – At a Glance We update our 2015 segment revenue growth assumptions… Broadcasting Content Production 1 German-speaking 2 Digital & Adjacent 3 & Global Sales Revenues vs. low single- double-digit low double- FY 2014 digit growth growth digit growth | July 30, 2015 Page 10 Continuing o
Slide 11: … and our positive outlook for 2015
1 2 3 4 Q2 2015 – At a Glance … and our positive outlook for 2015 High-single digit Group revenue growth ✔ Ad performance at least in line with positive net TV ad market ✔ Digital & Adjacent with double-digit revenue growth ✔ Recurring EBITDA and underlying net income above prior year ✔ | July 30, 2
Slide 12: Q2/H1 2015 Financial Performance Review
Q2/H1 2015 Financial Performance Dr. Gunnar Wiedenfels Review Chief Financial Officer | July 30, 2015 Page 12
Slide 13: Q2 2015: continued double-digit revenue growth and strong recurring EBITDA improvement
1 2 3 4 Q2/H1 2015 – Financial Performance Review Q2 2015: continued double-digit revenue growth and strong recurring EBITDA improvement Consolidated revenues Recurring EBITDA [in EURm] [in EURm] +11.8% 800 772.5 +8.4% 691.1 300 219.1 237.6 600 200 400 100 200 0 0 Q2 2014 Q2 2015 Q2 2014 Q2 2015 Rec
Slide 14: Q2 2015: key revenue growth drivers of ProSiebenSat.1
1 2 3 4 Q2/H1 2015 – Financial Performance Review Q2 2015: key revenue growth drivers of ProSiebenSat.1 Key Group revenue growth drivers [Q2 2015 external revenues, growth rates in percent] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 534.6m, +4.6% EUR 183.5m
Slide 15: Q2 2015: underlying net income benefiting from operating and interest result improvement
1 2 3 4 Q2/H1 2015 – Financial Performance Review Q2 2015: underlying net income benefiting from operating and interest result improvement Interest result Underlying net income [in EURm] [in EURm] -15.0% +9.3% 25 150 118.2 108.1 0 100 -25 -18.9 50 -22.3 -50 0 Q2 2014 Q2 2015 Q2 2014 Q2 2015 | July 3
Slide 16: H1 2015: EUR 31m rec. EBITDA improvement already in H1
1 2 3 4 Q2/H1 2015 – Financial Performance Review H1 2015: EUR 31m rec. EBITDA improvement already in H1 Consolidated revenues Recurring EBITDA [in EURm] [in EURm] +12.2% +8.6% 1.500 1,427.1 600 1,272.2 359.3 390.3 1.000 400 500 200 0 0 H1 2014 H1 2015 H1 2014 H1 2015 Recurring EBITDA margin: 27.3%
Slide 17: H1 2015: key revenue growth drivers of ProSiebenSat.1
1 2 3 4 Q2/H1 2015 – Financial Performance Review H1 2015: key revenue growth drivers of ProSiebenSat.1 Key Group revenue growth drivers [H1 2015 external revenues, growth rates in percent] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 1,005.4m, +4.7% EUR 321.
Slide 18: H1 2015: double-digit underlying net income growth
1 2 3 4 Q2/H1 2015 – Financial Performance Review H1 2015: double-digit underlying net income growth rate above revenue and recurring EBITDA increase Interest result Underlying net income [in EURm] [in EURm] -23.9% +14.8% 50 200 188.1 163.8 150 0 100 -50 -48.2 50 -53.1 -100 0 H1 2014 H1 2015 H1 2014
Slide 19: Broadcasting German-speaking: continued solid TV advertising revenue growth in H1 2015
1 2 3 4 Q2/H1 2015 – Financial Performance Review Broadcasting German-speaking: continued solid TV advertising revenue growth in H1 2015 External revenues and recurring EBITDA [in EURm] Q2 Q2 H1 H1 y-o-y y-o-y Comments 2015 2014 2015 2014 Solid TV ad revenue growth Ext. revenues 534.6 511.2 +4.6% 1,
Slide 20: Digital & Adjacent: dynamic revenue and recurring EBITDA growth
1 2 3 4 Q2/H1 2015 – Financial Performance Review Digital & Adjacent: dynamic revenue and recurring EBITDA growth driven by all business units External revenues and recurring EBITDA [in EURm] Q2 Q2 H1 H1 y-o-y y-o-y Comments 2015 2014 2015 2014 Ext. revenues 183.5 149.2 +23.0% 321.7 255.1 +26.1% Rev
Slide 21: Content Production & Global Sales: revenue growth driven by US production
1 2 3 4 Q2/H1 2015 – Financial Performance Review Content Production & Global Sales: revenue growth mainly driven by US production business External revenues and recurring EBITDA [in EURm] Q2 Q2 H1 H1 y-o-y y-o-y Comments 2015 2014 2015 2014 Strong organic revenue growth driven by US Ext. revenues 5
Slide 22: Q2/H1 2015: Group P&L – improvement of all key metrics
1 2 3 4 Q2/H1 2015 – Financial Performance Review Q2/H1 2015: Group P&L – improvement of all key metrics [in EURm] Q2 2015 Q2 2014 Δ H1 2015 H1 2014 Δ Revenues 772.5 691.1 +11.8% 1,427.1 1,272.2 +12.2% Recurring EBITDA 237.6 219.1 +8.4% 390.3 359.3 +8.6% Non-recurring items -12.1 -10.4 +16.0% -18.9
Slide 23: H1 2015: reduced net debt and financial leverage despite increased dividend payment
1 2 3 4 Q2/H1 2015 – Financial Performance Review H1 2015: reduced net debt and financial leverage despite increased dividend payment Net debt [in EURm] Net financial debt Financial leverage 2.000 42 at 2.0x as of June 30, 2015 vs. 2.2x as of 1.500 June 30, 2014 1.000 1,8241 1,782 LTM recurring EBIT
Slide 24: Financial targets for 2015
1 2 3 4 Q2/H1 2015 – Financial Performance Review Financial targets for 2015 Group revenue growth high-single digit Recurring EBITDA above prior year Underlying net income above prior year Financial leverage 1.5x – 2.5x | July 30, 2015 Page 24 Continuing operations.
Slide 25: Broadcasting German-speaking: TV Performance
Broadcasting German-speaking TV Performance Thomas Ebeling Chief Executive Officer | July 30, 2015 Page 25
Slide 26: Strong viewer share growth across German-speaking markets
1 2 3 4 Broadcasting German-speaking / TV Performance Strong viewer share growth across German-speaking markets Q2 20141 Q2 2015 Germany 27.5% 29.8% Austria 22.0% 23.3% Switzerland 16.2% 19.0% | July 30, 2015 1. Relatively low ratings due to FIFA Soccer World Cup during the period of June 12-30, 201
Slide 27: Focus topics for 2015 well on track
1 2 3 4 Broadcasting German-speaking / TV Performance Focus topics for 2015 well on track 1 Increase audience share Best H1 performance in the last ten years with high lead over key competitor 2 Build share in female target groups >3%pts rating increase in female target group (F 14-49) over Q2 201
Slide 28: Best H1 performance in the last ten years…
1 2 3 4 Broadcasting German-speaking / TV Performance 1 Best H1 performance in the last ten years… Audience shares (A14-49) [Full day; in percent] 30 29.3 29 28.2 28.4 28.4 28.3 28.0 28.1 28.0 28 27.7 27.2 27 26 25 24 23 H1/06 H1/07 H1/08 H1/09 H1/10 H1/11 H1/12 H1/13 H1/14 H1/15 | July 30, 2015 Pag
Slide 29: …with high lead over key competitor in Q2 2015
1 2 3 4 Broadcasting German-speaking / TV Performance 1 …with high lead over key competitor in Q2 2015 Audience shares (A14-49) [Full day; in percent] 31 29.8 29.8 30 29.3 29.3 29.8 28.9 29 28.5 28.4 28 27.5 27 Δ 5.5%pts 26 26.4 25 25.2 23.6 23.6 24.9 24.9 24.3 24 24.8 23 Q3 2013 Q4 2013 Q1 2014 Q2
Slide 30: Strong ratings in female target group
1 2 3 4 Broadcasting German-speaking / TV Performance 2 Strong ratings in female target group Female target group (F 14-49) Young female viewers (F 14-29) [audience share in percent] [audience share in percent] +2.5%pts +3.1%pts 34.9 32.4 31.0 27.9 Q2 2014 Q2 2015 Q2 2014 Q2 2015 | July 30, 2015 Pag
Slide 31: Successfully leveraging digital synergies to drive viewer loyalty
1 2 3 4 Broadcasting German-speaking / TV Performance 3 Successfully leveraging digital synergies to drive viewer loyalty ~50% usage increase of digital TV offerings #1 TV company in German social media Q2 2015 vs. Q2 20141 #1 TV fan page in Germany ~24 million fans .de .de .de .de #1 media channel
Slide 32: Strong line-up for H2 2015
1 2 3 4 Broadcasting German-speaking / TV Performance Strong line-up for H2 2015 German fiction US series Entertainment Einstein Frauenherzen The Flash Gotham The Voice New New New New New series series season season season Josephine Klick Mila Navy CIS Criminal Minds Promi Big Brother New New tele-
Slide 33: Broadcasting German-speaking: Ad Market Performance
Broadcasting German-speaking Ad Market Performance Thomas Ebeling Chief Executive Officer | July 30, 2015 Page 33
Slide 34: Positive market development in H1 2015
1 2 3 4 Broadcasting German-speaking / Ad Market Performance Positive market development in H1 2015 Solid German net TV ad market growth in H1 of approx. 2.0% – 3.0% ✔ German-speaking TV advertising revenue growth of 3.4% y-o-y ✔ Continued increase of TV share in media mix1 ✔ Continued positive net
Slide 35: Continued leading ad share position in Germany
1 2 3 4 Broadcasting German-speaking / Ad Market Performance Continued leading ad share position in Germany ProSiebenSat.1 gross TV advertising market share [in percent] Q2 2014 Q2 2015 Germany 44.9% 44.5% Austria 35.4% 37.4% Switzerland 24.5% 28.2% | July 30, 2015 Page 35 Q2: Apr-Jun | Source: Niel
Slide 36: TV continues to benefit at the expense of other media
1 2 3 4 Broadcasting German-speaking / Ad Market Performance TV continues to benefit at the expense of other media Gross ad spendings, Germany [in percent and %pts; Q2 2015 vs. Q2 2014 Share of segment Change in media mix Total 100.0% TV 46.9% +1.7%pts Online 11.5% -0.1%pts Radio 5.7% -0.2%pts Newsp
Slide 37: 7 out of 10 biggest industries increased TV budgets
1 2 3 4 Broadcasting German-speaking / Ad Market Performance 7 out of 10 biggest industries increased TV budgets Gross TV ad spendings of top 10 TV industries, Germany [in EURm, percent and %pts; Q2 2015 vs. Q2 2014] in EURm in EURm Share Δ Δ TV in media mix Total 126 3.252 100.0% +4.0% +1.7%pts Tra
Slide 38: Continued CPT increases in H1
1 2 3 4 Broadcasting German-speaking / Ad Market Performance Continued CPT increases in H1 Gross CPT growth H1 2015 [in percent vs. H1 2014] 10.9 11.2 8.6 3.8 3.5 | July 30, 2015 Page 38 CPT = Cost Per Thousand. Adults 14-49, Mon-Sun, full day 3-3 h, 01.01.-30.06.2015 Base: all TV households in Germ
Slide 39: Strong net CPT development since 2009
1 2 3 4 Broadcasting German-speaking / Ad Market Performance Strong net CPT development since 2009 Net CPT development [Index: 2007=100] 130 Market 120 110 100 90 80 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estimate | July 30, 2015 Page 39 Basis: All TV-HH (D+EU), TA 1-30; SevenOne Media: SAT.1,
Slide 40: First cases of regional TV advertising realized, but ban impending for 2016
1 2 3 4 Broadcasting German-speaking / Ad Market Performance First cases of regional TV advertising realized, but ban impending for 2016 Utility providers Lotteries Approved by Federal Administrative Court Political ban in the broadcasting law Breweries Car dealers impending for 2016 High demand in
Slide 41: P7S1 has several levers to address regional potential
1 2 3 4 Broadcasting German-speaking / Ad Market Performance P7S1 has several levers to address regional potential Current Future 1 Existing solution: cable spot overlay (potential ban 2016) 2 Sat.1 regional windows 3 National spots with regional discount Reconfirming 4 HbbTV 1.0 non-spo
Slide 42: First addressable HbbTV campaign: Daimler switch-in
1 2 3 4 Broadcasting German-speaking / Ad Market Performance First addressable HbbTV campaign: Daimler switch-in Campaign concept Full-screen product microsite Switch-in: Display shown after switch to ProSieben, Sat.1, kabel eins or sixx After click on Red Button: full-screen microsite opens • S
Slide 43: H1 growth rate with same dynamic as in 2014
1 2 3 4 Broadcasting German-speaking / Ad Market Performance H1 growth rate with same dynamic as in 2014 German net TV ad market growth [in percent] • March 2015 benefitted from earlier Easter 2015 • April 2015 negative due to Easter effect • May 2015 soft - no World Cup soccer related pull- forward
Slide 44: First three quarters of 2014 had a higher share than annual average
1 2 3 4 Broadcasting German-speaking / Ad Market Performance First three quarters of 2014 had a higher share than annual average for P7S1, leading to tougher comparables until Q3 ProSiebenSat.1 estimated net TV ad share vs. IP Germany, 2014 [deviation vs. average share in 2014] Ø Q4 will drive P7S1
Slide 45: Solid single-digit net TV ad market growth forecast
1 2 3 4 Broadcasting German-speaking / Ad Market Performance Solid single-digit net TV ad market growth forecast German net TV ad market estimates 2015 +2.7% +3.2% +3.4% +2-3% P7S1 internal market estimate | July 30, 2015 Page 45 Source: Warc International Ad Forecast July 2015, ZenithOptimedia Adve
Slide 46: Sales outlook 2015
1 2 3 4 Broadcasting German-speaking / Ad Market Performance Sales outlook 2015 1 German net TV advertising market growth of 2-3% 2 P7S1 to grow at least in line with market 3 Continued increase of TV share in media mix 4 Net CPTs to further increase due to increased value of reach | July 30, 2015 P
Slide 47: Broadcasting German-speaking: Distribution
Broadcasting German-speaking Distribution Conrad Albert Chief Legal, Distribution & Regulatory Affairs Officer | July 30, 2015 Page 47
Slide 48: Dynamic growth of Q2 revenues and HD subscribers
1 2 3 4 Broadcasting German-speaking / Distribution Dynamic growth of Q2 revenues and HD subscribers +31% +19% EUR +0.9m +6.7m P7S1 distribution P7S1 HD revenue growth1 subscriber growth1 | July 30, 2015 Page 48 1. Q2 2015 vs. Q2 2014 Note: HD Free-to-air subscribers shown; paying subscriber figures
Slide 49: HD deals closed in Q2: Deutsche Telekom and Sky
1 2 3 4 Broadcasting German-speaking / Distribution HD deals closed in Q2: Deutsche Telekom and Sky Sat.1 Gold HD included in Deal extension with HD+: Telekom HD package, distribution of HD product to from August 2015 on Sky satellite households | July 30, 2015 Page 49
Slide 50: Continuous growth of mobile distribution
1 2 3 4 Broadcasting German-speaking / Distribution Continuous growth of mobile distribution • On all Samsung TV devices1 • Strongest German EPG app • Mobile TV app with strong • In Google play store2 for with 16m downloads reach of 1.2m downloads android TV • On amazon fire TV sticks and kindle fir
Slide 51: Digital & Adjacent
Digital & Adjacent Dr. Christian Wegner Chief Digital & Adjacent Officer | July 30, 2015 Page 51
Slide 52: Q2 2015: D&A highlights
1 2 3 4 Digital & Adjacent Q2 2015: D&A highlights +23% / +22% Delivered double-digit revenue and EBITDA growth1 CDS Established a footprint in the US MCN market with the acquisition of CDS Verivox Acquired Verivox in landmark deal to create our new Online Comparison vertical Virtual Minds, Smartstr
Slide 53: Double-digit growth in revenues and rec. EBITDA
1 2 3 4 Digital & Adjacent Double-digit growth in revenues and rec. EBITDA Ext. revenues Rec. EBITDA [in EURm] [in EURm] +23% 183.5 +22% 40 37.5 149.2 150 30 30.8 ~20% 100 EBITDA 20 margin1 50 10 0 0 Q2 2014 Q2 2015 Q2 2014 Q2 2015 | July 30, 2015 Page 53 1. Entity rec. EBITDA / Ext. revenues.
Slide 54: All D&A units contributed to our dynamic growth …
1 2 3 4 Digital & Adjacent All D&A units contributed to our dynamic growth … Digital Digital Adjacent Entertainment Commerce EUR EUR EUR Revenues [Q2 2015] 66.2m 98.3m 19.0m Revenue growth [Q2 2015 vs. Q2 2014] +16% +33% +7% | July 30, 2015 Page 54
Slide 55: … with market leading positions in our seven D&A pillars
1 2 3 4 Digital & Adjacent Digital Entertainment … with market leading positions in our seven D&A pillars Market position New asset A Digital Entertainment B Digital Commerce C Adjacent Music, Artist Mgmt., Ad VoD Pay VoD Games M4R/E 7Travel 7Commerce Live, Licensing Top Top Beauty & Accessories 32
Slide 56: We entered the US MCN market with the acquisition of CDS
1 2 3 4 Digital & Adjacent / Digital Entertainment A We entered the US MCN market with the acquisition of CDS Top 5 Global Multi-Channel Networks Global video views, June 20151 220 >1,300 Channels Channels #5 27m >270m Subscribers Subscribers 300m >2.0bn Monthly video views Monthly video views CS71
Slide 57: In Germany, we strengthened our Studio71 market leadership
1 2 3 4 Digital & Adjacent / Digital Entertainment A In Germany, we strengthened our Studio71 market leadership We increased the gap to our followers and … and signed artists with >4m subscribers now lead with +28% more video views … with increasing mainstream visibility Video views Germany, June 20
Slide 58: Our online video platforms are strong and growing …
1 2 3 4 Digital & Adjacent / Digital Entertainment A Our online video platforms are strong and growing … Channel websites Mandates Channel websites and +81% +14% mandates video unique users2 unique users1 7TV putpat.tv Selected #1 key assets Top 3 in music video entertainment app3 on mobile and Smar
Slide 59: … securing our leading video ad market position in Germany
1 2 3 4 Digital & Adjacent / Digital Entertainment A … securing our leading video ad market position in Germany We maintain #1 position in the #1 premium video ad market P7S1 position in premium video ad market The next promising ad market +50% is about to take off: Mobile Nielsen mobile ad market g
Slide 60: We now cover the programmatic advertising value chain
1 2 3 4 Digital & Adjacent / Digital Entertainment A We now cover the programmatic advertising value chain Programmatic advertising value chain +46% growth3 of programmatic advertising market 51%1 Demand Side Platform Exchange/ Marketplace Supply Side Platform Ad server Sales house/ Publisher P7S1 s
Slide 61: maxdome continues to grow in Q2 2015
1 2 3 4 Digital & Adjacent / Digital Entertainment A maxdome continues to grow in Q2 2015 +79% +93% +44% SVoD Total Total subscribers1 video views2 user base3 | July 30, 2015 Page 61 1. End of period Q2 2015 vs. end of period Q2 2014. 2. Q2 2015 vs. Q2 2014. 3. Average of period Q2 2015 vs. average
Slide 62: We have a broad investment portfolio with >60 assets
1 2 3 4 Digital & Adjacent / Digital Commerce B We have a broad investment portfolio with >60 assets 4 new deals closed in Minorities (<50%)1 Majorities (>50%) Q2 20152 Selection Travel Digital Commerce Beauty & Accessories Online Comparison Other Assets Selection Accelerator ~50 assets 12 assets3 |
Slide 63: Verivox: Landmark deal shapes our Online Comparison vertical
1 2 3 4 Digital & Adjacent / Digital Commerce B Verivox: Landmark deal shapes our Online Comparison vertical P7S1 stake 80% stake in Verivox acquired for ~170m EUR3 80%1 to build new Online Comparison Portals vertical Strong market positions in energy (Verivox) 85%2 and mobile bundle deals (preis24.
Slide 64: Our Travel vertical expands internationally
1 2 3 4 Digital & Adjacent / Digital Commerce B Our Travel vertical expands internationally Market position Germany #1 #3 wetter.com launched in Spain as tiempo.es Top #1 >160m 5 billiger-mietwagen launched in France as Carigami2 LTM revenues1 #1 #2 tropo launched in the Netherlands | July 30, 2015
Slide 65: Dynamic growth of our Beauty & Accessories vertical
1 2 3 4 Digital & Adjacent / Digital Commerce B Dynamic growth of our Beauty & Accessories vertical Market position Germany #2 Majority stake acquisitions of Flaconi and Amorelie closed #1 +139% revenues1 Amorelie launched France Top 5 website supported by TV campaign on TF1 | July 30, 2015 Page 65
Slide 66: moebel.de with outstanding performance
1 2 3 4 Digital & Adjacent / Digital Commerce B moebel.de with outstanding performance Leading market position as #1 meta search in online furniture Q2 2015 with continuously strong revenue growth +73% +62% Growth further driven by revenues1 visits1 strong fit with TV advertising | July 30, 2015 Pag
Slide 67: We have a continuously strong M4R/E deal flow
1 2 3 4 Digital & Adjacent / Digital Commerce B We have a continuously strong M4R/E deal flow Our dynamic revenue growth … … is based on our strong deal flow SevenVentures revenues1 Example Mobile LTE tariffs and 30% smartphone bundles Example Online insurance reseller Example Swedish online shop Q2
Slide 68: Starwatch position expanded with new sports initiatives
1 2 3 4 Digital & Adjacent / Adjacent C Starwatch position expanded with new sports initiatives Starwatch with most successful 2015 … and expansion to sports with album release in Germany (Santiano) … Boateng marketing deal1 Winner of 10 days 2014 Football until World Cup Gold status | July 30, 2015
Slide 69: Digital & Adjacent – outlook
1 2 3 4 Digital & Adjacent Digital & Adjacent – outlook 1 Deliver double-digit revenue growth in FY 2015 2 Build new digital verticals 3 Further internationalize with more imports and exports | July 30, 2015 Page 69
Slide 70: Content Production & Global Sales
Content Production & Global Sales Thomas Ebeling Chief Executive Officer | July 30, 2015 Page 70
Slide 71: Continued growth in revenues and rec. EBITDA
1 2 3 4 Content Production & Global Sales Continued growth in revenues and rec. EBITDA Ext. revenues Rec. EBITDA [in EURm] [in EURm] +77% 100.0 4.7 56.7 -1.2 H1 2014 H1 2015 H1 2014 H1 2015 | July 30, 2015 Page 71
Slide 72: Married at First Sight: our most successful reality show so far
1 2 3 4 Content Production & Global Sales Married at First Sight: our most successful reality show so far Nearly doubled #1 telecast ever Channel 4’s average on FYI in the US. in the UK. Season 3 and spin- Season 2 already offs in production. commissioned. #1 rated show in 30% above slot Australia.
Slide 73: Red Arrow formats travel internationally
1 2 3 4 Content Production & Global Sales Red Arrow formats travel internationally #1 slot winner on Nippon TV Rights for Drama format Seasons 1 and 2 of home-makeover format The Last Cop major crime series House Rules premiered with record Bosch sold to SBS Netherlands ratings in Japan heading to S
Slide 74: Summary & Outlook
Summary & Outlook Thomas Ebeling Chief Executive Officer | July 30, 2015 Page 74
Slide 75: We update our positive full-year guidance
1 2 3 4 Summary & Outlook We update our positive full-year guidance High-single digit Group revenue growth ✔ Ad performance at least in line with positive net TV ad market ✔ Digital & Adjacent with double-digit revenue growth ✔ Recurring EBITDA and underlying net income above prior year ✔ | July 30,
Slide 76: Disclaimer
Disclaimer This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("ProSiebenSat.1") or ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1's or ProSiebenSat.1 Group's financial position, business strategy, plans and objecti
Slide 77: | July 30, 2015 Page 77
ProSiebenSat. MediaSE| July 30, 2015 Page 77