ProSiebenSat.1 Media SE · XETR:PSM
ProSiebenSat.1 Media — Q2 2020 Earnings Presentation
22 slides from ProSiebenSat.1 Media's earnings presentation, August 2020
Slide 1: al i,
al i,
Slide 2: Agenda
AGENDA ProSiebenSat.1 Media SE
Slide 3: Status Quo
STATUS QUO Daily new COVID-19 ifo German infections? Business Expectations? 7,000 977 100 The ifo Business 93 Expectations rose 6,000 a1 95 from 69.5 points on " 90 April 30* to 97 points on July 27%" 5,000 85 - 30 81 The actual ifo - rT 80 Business Expectations 4,000 show that economic ri} and soci
Slide 4: Status Quo
STATUS QUO Out of the top 20 TV-relevant industries, * Fy +7% +6% TV advertising spends (gross) reach up E Tw P7S1 total daily TV to -80% in Q2 2020 vs. PY®) £ Q2 2020 vs. consumption Q2 2020 . 38 2 PY (A 3+)? vs. PY (A 14+)2) Tourism -82% u § Automotive -62% 2 +6% +4% Gastronomy 58% 2 @ daily net v
Slide 5: Agenda: Q2 Financials
AGENDA ProSiebenSat.1 Media SE Q2 FINANCIALS
Slide 6: Q2 Financials: External revenues, Group & segments
Q2 FINANCIALS External revenues: Group & segments [in EUR m] Q22020 Q22019 YoY #12020 H12019 YoY Group 709 947 -25% 1,634 1,860 12% Organic 709 952 26% 1,620 1,869 13% SevenOne Entertainment Group 398 601 34% 961 1180 19% release A ae . . 7 ne by -37% in Q2 and -21% in Organic 398 602 34% 961 1,183
Slide 7: Q2 Financials: Adjusted EBITDA, Group & segments
Q2 FINANCIALS Adjusted EBITDA: Group & segments [in EUR m] Q2 2020 22019 YoY #12020 Group 23 213 -89% 180 SevenOne 13 197 -93% 155 Entertainment Group Red Arrow Studios 1 9 -94% 9 NuCom Group 13 17 -26% 28 Reconciliation (Holding & other) 3 40-66% = 1 H1 2019 403 375 17 36 -26 MediaSE Note: SevenOne
Slide 8: Q2 Financials: EBIT, net income, adjusted net income, FCF
Q2 FINANCIALS EBIT, net income, adjusted net income, FCF before M&A [in EUR m] Q2 2020 Q22019 YoY H12020 H12019 YoY EBIT 35) 144 n/a 45 273 -B4% Net income” -54 93 n/a -17 215 n/a tig Adjusted net income?) -52 85 n/a 7 179 -96% FCF before M&A -26 76 n/a BS 15 n/a Media SE 1) Attributable to sharehol
Slide 9: Almost EUR 50m cost savings in selling and administrative expenses
Q2 FINANCIALS ALMOST EUR 50M COST SAVINGS IN TERMS OF SELLING AND ADMINISTRATIVE EXPENSES ACHIEVED COMPARED TO Q1 2020 High share Group cost of sales in EUR m of revenue- related costs 575 550 525 500 475 450 al -EUR 35m/-7% YoY | -EUR 52m/-9Y @------ 22-8 eee! Q2 2019 Q12020 = Q2. 2020 ProSiebenSat
Slide 10: Net debt only slightly increased vs. YE 2019
Q2 FINANCIALS DUE TO STRICT COST DISCIPLINE AND CASH SAVING MEASURES NET Al DEBT ONLY SLIGHTLY INCREASED VS. YE 2019 Net financial debt Debt profile [in EUR m] 06/20 12/19 06/19 Maturity [in EUR m] 2514 Senior Notes 600 600 600 Apr-21 2,245 2,353 Term Loan 151 151 151 Apr-23 RCF (74m of 750m) 35 Apr
Slide 11: Agenda: Operational Update
AGENDA Poe 4g ATJONAL- UPDATE ProSiebenSat.1 Media SE
Slide 12: Operational Update
OPERATIONAL UPDATE TVV in billion minutes? Q12019 Q12020 pe 257 275 Q2 2019 Q2 2020 Media SE Acquisition of 9 FTA Bundesliga matches per season > Extensive digital rights exploitation Strong performance of lighthouse formats > GNTM with best season in 8 years BUNDESLIGA COVID-19 lockdown used for da
Slide 13: Operational Update: Q2 2020 results and outlook
OPERATIONAL UPDATE Q2 2020 financial results as expected strongly influenced by COVID-19 impact Despite challenging macro environment, continued comfortable liquidity situation and good cash management In line with brightening economic outlook, first positive trend in advertising market visible as o
Slide 14: Appendix
Slide 15: Appendix | Group P&L
APPENDIX | GROUP P&L GROUP REVENUES AND PROFITABILITY IN Q@2 2020 MARKED BY IMPACT OF COVID-19 CRISIS [in EUR m] Q2 2020 Q2 2019 YoY H1 2020 H1 2019 YoY Revenues 709 947 25% 1,634 1,860 12% Adjusted EBITDA 23 213 -89% 180 403 -55% Reconciling items 2 9g 79% 14 19 28% EBITDA 21 204 -90% 166 384 -57%
Slide 16: Appendix | SevenOne Entertainment Group
APPENDIX | SEVENONE ENTERTAINMENT GROUP External revenues and adjusted EBITDA [in EUR m] Q22020 Q22019 YoY 4H12020 H12019 YoY External revenues 398 601 -34% 961 1180 19% Organic 398 602 34% 961 1,183 19% nu 7 7 . rgely subscription-based Advertising 323 516 37% 809 1,024 21% Unass aaa Distribution 4
Slide 17: Appendix | Red Arrow Studios
APPENDIX | RED ARROW STUDIOS. External revenues and adjusted EBITDA [in EUR m] Q22020 Q22019 YoY 4H12020 H12019 YoY External revenues 102 148 “31% 236 283 17% Organic 102 151 33% 236 288 18% Production 37 76 -52% 90 140 -35% Global Sales 12 12 1% BD) 34 +3% =n Production business most negatively aff
Slide 18: Appendix | NuCom Group
APPENDIX | NUCOM GROUP External revenues and adjusted EBITDA [in EUR m] Q2 2020 Q22019 YoY H12020 H12019 YoY External revenues 209 198 +5% 437 397 +10% Organic 209 199 +5% 423 398 +6% Consumer Advice 36 51 30% 97 105 1% Matchmaking 58 51 +13% 17 104 +12% Experiences 10 15 -33% 25 30 17% ee Consumer
Slide 19: Appendix | Operational KPIs
APPENDIX | OPERATIONAL KPIS. STRONG INCREASE IN TOTAL VIDEO VIEWTIME e SevenOne Entertainment Group Red Arrow Studios NuCom Group 2020 2019 YY 2020 2019 Y°Y 2020 2019 YY Total video viewtime? aren 28th 47.0% RAS productions? 133149 -ime | Gonsumer Advice 0.8m im 32% wore TW consumption inin iin +9.1
Slide 20: Appendix | Operational KPIs
APPENDIX | OPERATIONAL KPIS. TOTAL VIDEO VIEWTIME INCREASED BY +3% IN H1 2020 e SevenOne Entertainment Group Red Arrow Studios NuCom Group 2020 2019 Y°Y 2020 2019 Y°Y 2020 2019 YY Total video viewtime? Seebn Saco 43.4% Pot pro juctions> 49163 -9% = Gomsumer Ave 20m 22m 8% aoe TY consumption ‘ain nin
Slide 21: Disclaimer
ProSiebenSat This presentation contains "forward-looking statements" regarding ProSiebenSat1 Media SE ("ProSiebenSat.") or ProSiebenSat.1 Group, including opinions, estimates and _ projections regarding ProSiebenSat.'s or ProSiebenSat.1 Group's financial position, business strategy, plans and object
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