General meeting presentation, april 16 2026

16 April 2026

• Rodolphe BELMER, Ch»ïrm»n »nd Chïsf Exscutïvs Offïcsr

• Pierre-Alain CERARD, Exscutïvs Vïcs Prssïdsnt Fïn»ncs, Str»tsgy »nd Procursmsnt

• Marie-José LEFEBVRE, Hs»d of Corpor»ts Lsg»l »nd Bo»rd Sscrst»ry

  Scrutineer:

• BOUYCUES SA, rsprsssntsd by Dïdïsr CASAS

• FCPE TF1 ACTIONS, rsprsssntsd by Audrsy ALONSO

2 Csnsr»l Msstïng 2026

Composition of the committee

Board of Directors members

• 11 MEMBERS

• Female directors: 55% (sxcludïng dïrsctors rsprsssntïng smploysss »nd ths csnsor)

  3

• Independent directors: 37,5% (sxcludïng dïrsctors rsprsssntïng ths smploysss, ths dïrsctor rsprsssntïng ths smployss-sh»rsholdsrs »nd ths csnsor)

YOANN SAILLON

Rsprsssntïng

smployss

Board of Directors members post Ceneral Meeting

YOANN SAILLON

Rsprsssntïng

smployss

• 11 MEMBERS

• Female directors: 55% (sxcludïng dïrsctors rsprsssntïng smploysss »nd ths csnsor)

  4

• Independent directors: 37,5% (sxcludïng dïrsctors rsprsssntïng ths smploysss, ths dïrsctor rsprsssntïng ths smployss-sh»rsholdsrs »nd ths csnsor)

W»rnïng

This presentation contains rounded figures and forward-looking information and statements about the group TF1. Forward-looking statements are statements that are not historical facts, and include in particular: financial projections, forecasts and estimates, as well as the assumptions on which they are based; statements relating to plans, objectives and expectations regarding future operations, products and services; and the statements relating to the Croup's future performance. Although the Croup's Ceneral Management considers that the expectations reflected in these forward-looking statements are reasonable, investors are warned that the forward-looking information and statements are subject to various risks and uncertainties, most of which are difficult to predict and generally beyond the control of the group, which could result in a significant difference between actual results and developments and those expressed, implied, or projected in the forward-looking information and statements. Investors are warned that forward-looking statements do not constitute guarantees of future performance and that they should not be unduly relied upon. Except to the extent required by applicable law, the group TF1 makes no commitment to update or revise the projections, forecasts, and other forward-looking statements contained in this presentation.

Opening of the meeting

• Ceneral meeting convened on first call

• Quorum required for the holding of an ordinary general meeting and extraordinary general meeting reached

• Number of shares and voting rights at the attendance sheet (the voting forms and the powers of the represented shareholders)

  
  
  

  6 Csnsr»l Msstïng 2026

  Document provided

• The Universal Registration Document containing information and documents to be presented at the Ceneral Meeting is available since 11 March 2026 on the company's website at https://www.groupe-tf1.fr, under Investors/ Ceneral Meeting

• Documents and information relating to the Combined Annual Ceneral Meeting are made available to shareholders on the company's website at https://www.groupe-tf1.fr, under Investors/ Ceneral Meeting

" Csnsr»l Msstïng 2026

List of available documents (1/2)

• the press release of 26 March 2026 specifying the procedures for making available or consulting the preparatory documents for the general meeting,

• the insertions published in the BALO of 2 March, 11 March and 30 March 2026,

• the insertions published in LES ECHOS of 2 March and 30 March 2026,

• the insertion published in LES PETITES AFFICHES of 30 March 2026,

• the notice of meeting brochure and the copy of the notice of meeting letters sent to the shareholders holding their shares in registered form and to the representatives of the Social and Economic Committee on 30 March 2026,

• the copy of the convening letters sent to the statutory auditors on 30 March 2026 and the acknowledgements of receipt,

• the universal registration document 2025 (published on 11 March 2026),

• the management report of the Board of Directors including the sustainability report,

• the table of results for the last five years,

• the delegations granted to the Board of Directors in the area of capital increases,

• the report of the Board of Directors on corporate governance,

• the report of the Board of Directors on the remuneration of corporate officers for 2025, including the remuneration of the Chairman and Chief Executive Officer and the report on stock options and performance shares,

  
  
  

  8 Csnsr»l Msstïng 2026

  List of available documents (2/2)

• the report of the Board of Directors on the principles for the remuneration of corporate officers for

  2026,

• the description of the share buyback program,

• the report of the Board of Directors on the resolutions presented to the Ceneral Meeting,

• the individual financial statements for the year 2025, including the balance sheet, income statement

  and notes,

• the consolidated financial statements for the year 2025, including the balance sheet, income statement and notes,

• the reports of the statutory auditors,

• the list of Directors and their functions in other companies, as well as the information sheet for

  Directors whose reappointment or appointment is on the agenda,

• the social balance sheet,

• the total amount, certified as accurate by the auditors, of the remuneration paid to the ten highest paid persons,

• the list of registered shares, donations, sponsorship and patronage,

• the number of shares and voting rights on the day of the meeting notice,

• the list of shareholders,

• the attendance sheet, the powers of attorney of the shareholders represented and the postal voting forms, as well as the certificates of the authorised intermediaries,

• the text of the resolutions,

  
  
  

• the articles of association.

9 Csnsr»l Msstïng 2026

Ordinary Ceneral Meeting

1. Approval of the financial statements for the 2025 financial year,

2. Approval of the consolidated financial statements for the 2025 financial year,

3. Appropriation of 2025 earnings,

4. Approval of regulated agreements referred to in Articles L.225-38 et seq. of the French Commercial Code,

5. Approval of the components of total remuneration and benefits of any nature paid in or granted for the 2025 financial year to Rodolphe Belmer as Chairman and Chief Executive Officer,

6. Approval of the information concerning the remuneration of the corporate officers described under

   Article L.22-10-9 I of the French Commercial Code, paid in or granted for the 2025 financial year,

7. Approval of the remuneration policy applicable for Rodolphe Belmer as Chairman and Chief Executive Officer,

8. Approval of the remuneration policy for Directors,

9. Appointment of Cyril Bouygues as director for a three-year term, to replace Olivier Bouygues, whose

   term of office expires at the end of this Ceneral Meeting,

10. Authorisation to the Board of Directors to trade in the Company's shares, subject to a maximum of 10% of the share capital, for an eighteen-month period.

    
    
    

    10 Csnsr»l Msstïng 2026

    Extraordinary Ceneral Meeting

11. Authorisation granted to the Board of Directors to reduce the share capital by cancelling treasury shares, for an eighteen-month period,

12. Amendment to Article 21 of the Articles of Association,

13. Authorisation to carry out formalities.

    
    
    

    11 Csnsr»l Msstïng 2026

    Agenda

    1. Busïnsss rsvïsw

    2. Fïn»ncï»ls Rssults

    3. Str»tsgy upd»ts »nd outlook

    4. CSR Rsvïsw

    5. St»tutory »udïtors' reports

    6. Rsport of ths Sslsctïon »nd Rsmunsr»tïon Commïttss

". Qusstïons € Answsrs

8. Rssolutïons: prsssnt»tïon »nd vots

Csnsr»l Msstïng 2026

12

01 Business review

Highlights

Strengthened audience leadership

Broadly stable consolidated revenue

LFL € AT CONSTANT FX

Ad revenue impacted by structural trends, exacerbated by an unstable environment

Strong growth in digital

W<50PDM

34.5%

25-49 Y/O

30.9%

Croup rsvsnus

€2,297m

Croup »dvsrtïsïng rsvsnus

€1,574m

TF1+

»dvsrtïsïng rsvsnus

+35.8%

4+

18.7%

2024

Increasing reach

4+

60m

viewers/month on »vsr»gs ïn FY 2025

4+

>2%

sïncs movïng

to DTT ch»nnsl 15

15-34 Y/O

15m

viewers/month on »vsr»gs ïn FY 2025

Cood momentum at Studio TF1

Studïo TF1 rsvsnus

€376m

Revised margin target achieved

M»rgïn from »ctïvïtïss

11.0%

Reinforced financial position

Nst c»sh posïtïon

€515m

38m

streamers/month on »vsr»gs ïn FY 2025

42m

streamers ïn Octobsr 2025, nsw rscord

REVISED 2025 TARCETS ACHIEVED

14 Source: Médiamétrie - Médiamat Restit TV Csnsr»l Msstïng 2026

Significant lead over main competitor

34.5

+9.5 pts

W<50PDM

TF1

LCI

TMC

TFX

22.9

vs main competitor

13.4 9.0

4.7 4.4 3.8

2.9 2.8

2.4 2.0

M6

F2

W9

F3 6tsr

1.8

Cullï F5

0.7 0.5

F.ïnfo

+1.0

+0.3 +0.6 -1.3 +0.1 +0.5 +0.4

-0.4

+0.4

-0.1 -0.1 -0.1 +0.3

+0.1

20.2

vs main competitor

12.4 9.1

4.6

4.2

3.0 3.0 2.6 2.0 2.0

1.8

1.1

M6

F2

W9

F3 6tsr

F5 Cullï

0.6

F.ïnfo

30.9

+7.8 pts

25-49 Y/O

LCI

TF1

TMC

TFX

+0.4

-0.2 +0.2 -1." +0.1 +0.8 +0.2 -0.6 +0.4 =

-0.1

= +0.3 =

Audience shares: Médiamétrie - Médiamat - Ǧanuary-December 2025

Csnsr»l Msstïng 2026

Audience leadership in FY25

Best ratings on targets

W<50PDM

43/50

Best ratings in all genres *

French drama

News

Up to 7.8m

vïswsrs

Up to 7.1m

vïswsrs

Entertainment

Movies

8.4m

vïswsrs

Up to 5.5m

vïswsrs

15

* Excspt Sport

Update on streaming

Virtuous linear € streaming strategy

25-49 Y/O

Progress on all building blocks

LINEAR

NONLINEAR

80%

20%

Awareness

AIDED

AWARENESS1

Visibility

FIRST VISIBILITY2

Consumption

38m

STREAMERS3

monthly »vsr»gs ïn 2025

vs

Ad inventories

AD LOAD

5'14

CPM

CPM

€13.5

FRENCH DRAMA

UNSCRIPTED

61%

39%

+1 pt YoY

11%

89%

REALITY SHOWS JLC FAMILY

81%

+3 pts vs Octobsr 2024

69%

+11 pts vs Dscsmbsr 2024

33m ïn 2024

42m

STREAMERS

ïn Octobsr 2025, nsw rscord

1.2bn

STREAMED HOURS3

+12% vs 2024

(sïts csntrïc4)

MIN/HOUR

2025 »vsr»gs

+15% vs 2024

vs a target of 6min in the

mid-term

DAILY SOAPS

52%

48%

+3 pts YoY

2025 »vsr»gs

-1% vs 2024

vs a target of €15 in the mid-term

53%

47%

ADVERTISINC

REVENUE

FY 2025 average

Non-linear = Streaming + Time-shifting + Recording Live also includes DTT channels for Plus belle la vie

16 ǦLC Family : Seule on TFX - September-October

1 TF1+ image barometer | Toluna

panel in December 2025

2 Panel BVA - First visibility of TF1+ on connected TVs as a % of households - Ǧanuary 2026

3 Médiamétrie Restit TV / All content watermarked at the request of broadcasters (replay, long-term rights, excerpts) / Excluding Live OTT / Content publisher perspective

4 Including all streaming usage not covered by Médiamétrie

(specific AVOD and aggregated content, consumption outside France)

/ Excluding Live / Excluding Canal+, Molotov and telco OTT apps

Csnsr»l Msstïng 2026

Revenue of

in 2025

+9% ys»r on ys»r

Drama

Productïon

FY25 highlights

Dïstrïbutïon

COPA of

in 2025

+€2m ys»r on ys»r

Movies Unscripted

~1.2m

1" tickets sold

~705k

tickets sold

~490k

tickets sold

~470k

tickets sold

Csnsr»l Msstïng 2026

02 Financials Results

Consolidated revenue per segment

19 1 -0.8% lïks-for-lïks »nd »t const»nt sxch»ngs r»tss, »t snd-Dscsmbsr (-2.3% for Msdï» »nd +6.5% for Studïo TF1 lïks-for-lïks)

2 Compared with €24m in FY 2024

M E D I A

Advertising

• Continued strong momentum for TF1+,

  wïth 36% growth

• Linear impacted by structural trends and exacerbated by an unstable environment (particularly in Q4)

Non-advertising media revenue: good performance in the first nine months, thsn ïmp»ctsd by ths dsconsolïd»tïon of My Lïttls P»rïs »nd Pl»yTwo

S T U D I O T F 1

• France: up not»bly wïth dslïvsry of From Rock St»r to Kïllsr »nd All for Lïght to Nstflïx

• International: contribution of JPC (€44m in 20252), wïth »ctïvïty skswsd to ths sscond h»lf of ths ys»r

C R O U P

• Broadly stable consolidated revenue LFL fi at constant FX

Csnsr»l Msstïng 2026

Current operating profit from activities per segment

20

M E D I A

Impact from decrease in linear advertising revenue mitigated by:

• Active portfolio management

  generating a €38m capital gain

  (vs €27m related to Ushuaia in 2024)

• Strict cost control

S T U D I O T F 1

• Broadly flat margin from activities ys»r on ys»r

C R O U P

• Dsclïns ïn COPA rsflsctïng dscrs»ss ïn lïns»r »dvsrtïsïng

• 11% margin from activities:

revised target reached

Csnsr»l Msstïng 2026

Consolidated income statement

1 -0.8% lïks-for-lïks »nd »t const»nt sxch»ngs r»tss, »t snd-Dscsmbsr

21 2 Excsptïon»l corpor»ts ïncoms t»x contrïbutïon lsvïsd on Frsnch comp»nïss undsr ths 2025 Fïn»ncs Bïll

Csnsr»l Msstïng 2026

Solid net cash position at end-December 2025

Free cash flow

bsfors ch»ngss ïn WCR

447

€85 million

(12)

(350)

17 19

(112)

€m

Free cash flow

»ftsr ch»ngss ïn WCR

€102 million

Opening net cash position at 01/01/2025

Nst c»sh flow1

Rsp»ymsnt of ls»ss oblïg»tïons

Nst c»pït»l sxpsndïturs

Ch»ngss ïn workïng c»pït»l rsquïrsmsnts

Acquïsïtïons / dïspos»ls

Dïvïdsnds / othsr

Closing net cash position at 31/12/2025

22 1 Cash flow determined after (i) income from net surplus cash / cost of net debt, (ii) interest expense on lease obligations and (iii) income taxes paid Csnsr»l Msstïng 2026

Proposed 5% increase in dividend per share YoY

PER SHARE

Dividend trend (2021-2025)

+40%

€0.632

€0.55

€0.60

€0.50

€0.45

2021

2022

2023

2024

2025

(€/sh»rs)

1 B»ssd on 211,284,23" sh»rss »t 31/12/2025

2 Subjsct to »pprov»l by ths Annu»l Csnsr»l Msstïng of 16 Aprïl 2026

3 B»ssd on ths closïng sh»rs prïcs on 31/12/Y-1

23

DIVIDEND YIELD3

Csnsr»l Msstïng 2026

03

Linear: consolidate our market share in a declining TV ad market

With our powerful franchises

gsnsr»tïng ls»dïng sh»rs of prsmïum »d ïnvsntorïss on commsrcï»l t»rgsts

With a new segmentation of our ad offering

Iconic unscripted

franchises Unique prime-time

inventories

Multi-channel

offer

Premium French drama

Solid sports line-up

Offsr ths bsst ROI on TV:

€6.6

M»xïmïzs »d

campaigns' reach

25 Csnsr»l Msstïng 2026

Establish as a primary destination for viewers and advertisers

INCREASE CONSUMPTION IMPROVE MONETISATION

Extend the reach

of the Croup's content

Enhance catalogue wïth complsmsnt»ry »udïovïsu»l contsnt

Develop new forms of monetisation

Address advertisers' needs from

brand awareness to conversion

Dïstrïbutïon ds»ls

Aggrsg»tïon

Mïcrop»ymsnt r»mp-up

Nsw »d form»ts on CTVs

Extension

of slïgïbls contsnt

Landmark distribution deal wïth Nstflïx for TF1 group ch»nnsls »nd TF1+

Starting Summer 2026

OK

To receive more information on your mobile phone

Press OK on the remote control.

Maximisation of offer visibility

through sdïtorï»lïs»tïon

"Send to phone"

Dsploymsnt on »ll sst-top boxss

Integrated billing solutions

to f»cïlït»ts purch»sïng journsy

+ othsr p»rtnsrshïps to coms

Total platform offering:

>35k hours of programmes available at any time

26

Csnsr»l Msstïng 2026

Enhance our media buying attractiveness on both linear and digital and target a new market segment

Enhance our media

buying attractiveness

Attract

new advertisers

Launch of TF1 Ad Manager

Tr»ns»ctïon»l »nd ssrvïcs-orïsntsd pl»tform offsrïng

Addrsss ths mïdt»ïl through » dsdïc»tsd offsr

4 levers

Objectives

Nstworks

sïmplïfïsd »nd compstïtïvs sxpsrïsncs, ïncorpor»tïng AI fs»turss

T»ïlorsd »nd ussr-frïsndly offsr wïth » sïmplïfïsd

purch»sïng journsy

Loc»l communïc»tïon

»gsncïss

Loc»l »d s»lss housss

M»ssïvs »d c»mp»ïgns

Sm»ll ts»m dsdïc»tsd to mïdt»ïl b»cksd by »n outsourcsd s»lss ts»m

Boost our rsvsnus

Dïvsrsïfy our clïsnt portfolïo

January

Agsncy chsck-ïn

April

SME chsck-ïn

April

L»unch

September

Dsploymsnt

2" Csnsr»l Msstïng 2026

Outlook

2026 priorities

2026 deliveries

Daily shows, premium drama fi unscripted content for French and foreign broadcasters as well as global streaming services

Zodiaque

Matar a un oso

Day One

Ambitious cinema line-up, ïn ths contsxt of ths l»unch of ths nsw dïstrïbutïon dïvïsïon

Pour le plaisir Les Cendarmes Moulin Camembert

28 Csnsr»l Msstïng 2026

Full-year 2026 guidance

Capitalising on its strategy, on its new digital initiatives and on its solid financial position, the Croup's targets are as follows:

Against a backdrop of rapidly changing consumption habits and a persistently unstable macroeconomic and political environment, ths lïns»r »dvsrtïsïng m»rkst ïs sxpsctsd to rsm»ïn undsr strong prsssurs ïn 2026.

Strong double-digit

revenue growth

in digital

Aim for a growing dividend policy in the coming years

Durïng thïs dïgït»l tr»nsïtïon ph»ss,

ths Croup ïntsnds to

maintain a mid-to-high single digit margin from activities

before capital gains in 2026, subjsct to ths svolutïon

of ths lïns»r m»rkst

29 Csnsr»l Msstïng 2026

04

Sustainability / CSRD reporting and CSR actions