ProSiebenSat.1 Media SE · XETR:PSM

ProSiebenSat.1 Media — Q1 2022 Earnings Presentation

18 slides from ProSiebenSat.1 Media's earnings presentation, May 12, 2022

  1. Slide 1: Results Presentation Q1 2022

    Results Presentation May 12, 2022 Q1 2022 © ProSieben/Benjamin Kis

  2. Slide 2: Highlights

    © ProSieben/Benjamin Kis 1 Highlights

  3. Slide 3: Good start to the year underlines we are on the right track

    GOOD START TO THE YEAR UNDERLINES THAT WE ARE ON THE RIGHT TRACK WITH THE CONTINUOUS EXECUTION OF OUR STRATEGY Maximizing REACH Diversifying MONETIZATION 1 Leading entertainment platform: 4 Classic advertising space: P7S1 audience share1) on continuous high Stable gross advertising market share leve

  4. Slide 4: Financials

    © ProSieben/Michael de Boer 2 Financials

  5. Slide 5: Organic group revenue growth of +3% in Q1 2022 in line with expectations

    ORGANIC GROUP REVENUE GROWTH OF +3% IN Q1 2022 IN LINE WITH THE GROUP’S EXPECTATIONS EARNINGS AND CASH FLOW KPIS [IN EUR M] COMMENTS Q1 Q1 2022 2021 YoY • Revenues of ProSiebenSat.1 Group in Q1 2022 slightly above previous year and thus in line with the Group’s expectations. Group Revenues 954 938 +

  6. Slide 6: Q1 2022 group revenues above prior year – adjusted EBITDA affected by disposals

    Q1 2022 GROUP REVENUES ABOVE PRIOR YEAR – ADJUSTED EBITDA AFFECTED BY DISPOSALS AND SCHEDULED PROGRAMMING COST INCREASE BY EUR 16M Group Revenues [in EUR M] Group Adjusted EBITDA [in EUR M] Scheduled programming cost increase 954 in Q1 2022 to be offset by reduction in Q4 2022 (World Soccer Champion

  7. Slide 7: Balance sheet strengthened through continued reduction of net financial debt

    BALANCE SHEET STRENGTHENED THROUGH CONTINUED REDUCTION OF NET FINANCIAL DEBT – FINANCIAL LEVERAGE FIRMLY IN TARGET RANGE OF 1.5X-2.5X Net financial debt [in EUR M] Debt profile [in EUR M] 03/22 12/21 03/21 Maturity -258 Term Loan 86 86 151 Apr-23 Term Loan 1,114 1,114 1,949 Apr-24 Promissory Loan 20

  8. Slide 8: Significant improvement in financial key performance indicators

    SIGNIFICANT IMPROVEMENT IN FINANCIAL KEY PERFORMANCE INDICATORS – FOCUS ON CASH GENERATION PAYS OFF Adjusted Financial Operating FCF Leverage in EUR M 662 2.8x 599 2.6x 2.2x n/a1) 424 2.1x FY 2019 FY 2020 FY 2021 LTM Q1 2022 FY 2019 FY 2020 FY 2021 Q1 2022 Gross Debt Net Financial in EUR M Debt in E

  9. Slide 9: Outlook & Summary

    © ProSieben/Sven Doornkaat 3 Outlook & Summary

  10. Slide 10: We confirm our financial targets for FY 2022

    WE CONFIRM OUR FINANCIAL TARGETS FOR FY 2022 FY 2022 FY 2021 TARGET Group EUR 4,413m EUR 4,600m • Target takes DACH advertising revenue development in the range of +/-0% to +3% in 2022 into revenues1) (+/- EUR 100m) account • Portfolio- and currency adjusted revenue growth in the range of +2% to +6%

  11. Slide 11: ProSiebenSat.1 remains committed to creating value for its shareholders

    Summary PROSIEBENSAT.1 REMAINS COMMITTED TO CREATING VALUE FOR ITS SHAREHOLDERS 1 REACH • Leading mass audience reach in DACH • Unique live & local content strategy • Broad array of linear and digital platforms 2 MONETIZATION • Intact consumption drives solid growth in advertising • Incremental medi

  12. Slide 12: Appendix Q1 2022

    Appendix Q1 2022 © ProSieben/Benjamin Kis

  13. Slide 13: Group P&L

    GROUP P&L Q1 Q1 [in EUR m] 2022 2021 YoY COMMENTS Revenues 954 938 +2% • Organic Group revenue increase of +3% Organic 954 926 +3% primarily resulting from Entertainment segment revenue growth. Adjusted EBITDA 123 143 -14% • Reduction in Group adjusted EBITDA as a Reconciling items -1 -5 -70% result

  14. Slide 14: Entertainment advertising revenues with strong start into 2022

    ENTERTAINMENT ADVERTISING REVENUES WITH STRONG START INTO 2022 ENTERTAINMENT EXTERNAL REVENUES AND ADJUSTED EBITDA [IN EUR M] COMMENTS Q1 Q1 2022 2021 YoY • Revenues of Entertainment segment increased by +9% to EUR 663 million, due to External Revenues 663 610 +9% strong increase in advertising reve

  15. Slide 15: Dating & Video segment recorded a YoY decline in Q1 2022

    FOLLOWING RECORD REVENUE LEVELS IN Q1 2021 DUE TO U.S. STIMULUS PROGRAM DATING & VIDEO SEGMENT RECORDED - AS COMMUNICATED - A YOY DECLINE IN Q1 2022 DATING & VIDEO EXTERNAL REVENUES AND ADJUSTED EBITDA [IN EUR M] COMMENTS Q1 Q1 2022 2021 YoY • Revenues in Dating & Video segment decreased as expected

  16. Slide 16: Positive trend in Advertising and Experiences business – lower Commerce & Ventures revenues

    POSITIVE TREND IN ADVERTISING AND EXPERIENCES BUSINESS - LOWER COMMERCE & VENTURES REVENUES ALSO DUE TO DISPOSAL OF AMORELIE AND MOEBEL.DE COMMERCE & VENTURES EXTERNAL REVENUES AND ADJUSTED EBITDA [IN EUR M] COMMENTS Q1 Q1 2022 2021 YoY • Revenues of the Commerce & Ventures business dropped by -15%

  17. Slide 17: 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

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