ProSiebenSat.1 Media SE · XETR:PSM
ProSiebenSat.1 Media — Merger or Acquisition (December 2006)
19 slides from ProSiebenSat.1 Media's merger presentation, Dec 15, 2006
Slide 1: Investor and Analyst call
Investor and Analyst call Guillaume de Posch, CEO ProSiebenSat.1 Media AG Lothar Lanz, CFO ProSiebenSat.1 Media AG Munich, December 15, 2006
Slide 2: Agenda
Agenda The transaction ProSiebenSat.1 Media AG SBS Broadcasting Group 2
Slide 3: Pre-transaction shareholder structure
Pre-transaction shareholder structure P7S1 Holding is the principal shareholder of ProSiebenSat.1 Media AG. Split of capital stock (in percent) German Media Partners L.P. Axel Springer SABAN Providence Alpine Equity Putnam Companies Equity Partners Partners Investments AG Bain Capital Quadrangle Hel
Slide 4: New shareholder structure after transaction
New shareholder structure after transaction KKR/Permira is the new principal shareholder of ProSiebenSat.1 Media AG. Split of capital stock (in percent) Axel Springer KKR/Permira AG 37.5 Public free float 50.5 Axel Springer AG KKR/Permira 48.2% 100% 12.0 Sat.1 51.8% Lavena Beteiligungs Holding 4 Pub
Slide 5: Transaction Process - Step 1: Acquisition of majority
Transaction Process Step 1: Acquisition of majority in ProSiebenSat.1 Media AG. Announcement by KKR/Permira that it has acquired all common and preferred stock currently directly and indirectly held by P7S1 Holding L.P. (subject to media authority and antitrust approval) Acquisition of 88 per ce
Slide 6: Transaction Process - Step 2: Voluntary public cash tender offer
Transaction Process Step 2: Voluntary public cash tender offer. Announcement by KKR/Permira to make a voluntary public cash tender offer to ProSiebenSat.1 Media AG shareholders. The offer price for preferred shareholders will be equal to the weighted three-month average trading price of ProSiebenS
Slide 7: Strategic outlook
Strategic outlook Full support of strategy by KKR/Permira and possible business combination of ProSiebenSat.1 Group and SBS Broadcasting. Full support by KKR/Permira of the strategy currently pursued by the Group: to strengthen core business Free TV, diversify our revenue sources and position the
Slide 8: Agenda
Agenda The transaction ProSiebenSat.1 Media AG SBS Broadcasting Group 8
Slide 9: ProSiebenSat.1 Group: the divisions
ProSiebenSat.1 Group: the divisions The ProSiebenSat.1 Group is Germany’s only genuine family of television stations: four wholly owned advertising financed TV and a growing diversification business area. ProSiebenSat.1 Media AG Free TV Diversification External revenues 2005: EUR 1,811 m External re
Slide 10: Unique and complementary combination of free-to-air stations
Unique and complementary combination of free-to-air stations Complementary positioning of the free-to-air stations within the key audience target group of 14 to 49 years. Lead brand Broad mass- for young market brand entertain- ment 25-49 14-39 14-49 30-49 14-49 Leading brand for Classic infor-matio
Slide 11: The diversification strategy is based on the strong Free TV brands
The diversification strategy is based on the strong Free TV brands By systematically expanding into new markets, the Group generates new growth. Transaction Leading TV Call TV brand Brand extension Pay TV First mover Video- First mover on-Demand .de Among the top ProSieben- online Sat.1 Networld net
Slide 12: ProSiebenSat.1 Group: strategic goals
ProSiebenSat.1 Group: strategic goals Strategic goals 1. 2. 3. Strengthening of the Expansion of Positioning in core TV business diversification the digital world Audience market share of Organic growth and ProSiebenSat.1 to enlarge 30% (14-49) acquisitions its program offering on all Streng
Slide 13: Agenda
Agenda The transaction ProSiebenSat.1 Media AG SBS Broadcasting Group 13
Slide 14: SBS Broadcasting Group: At a glance
SBS Broadcasting Group: At a glance SBS Broadcastimg Group is a leading European broadcasting player with activities spanning from commercial TV, Pay TV, radio and related print. SBS runs activities in Western, Central and Eastern Europe with a combined market reach of approximately 100 million
Slide 15: SBS Broadcasting Group in Europe: Free TV
SBS Broadcasting Group in Europe Free TV The Netherlands Sweden Belgium Hungary Net 5 Kanal 5 VT4 TV 2 SBS 6 One Vijf TV Irisz Veronica The Voice Finland Romania Denmark Norway The Voice Prima TV Kanal 4 TV Norge Kiss TV Bulgaria Kanal 5 The Voice The Voice Related Services The Voice BTI Vijf TV 15
Slide 16: SBS Broadcasting Group in Europe: Pay TV
SBS Broadcasting Group in Europe Pay TV Sweden Norway C More C More Denmark Finland C More C More 16
Slide 17: SBS Broadcasting Group in Europe: Radio
SBS Broadcasting Group in Europe Radio Denmark Finland Greece Bulgaria The Voice Uusi Kiss Lampsi FM Ritmo Radio 2 Iskelmä Atlantic The Netherlands Radio City Vitosha Sweden CAZ! Local stations Veselina Mix Megapol Radio Express Romania The Voice Norway Magic FM Rockklassiker Radio 1 Kiss FM Vinyl 1
Slide 18: Disclaimer
Disclaimer This presentation contains “forward looking statements” regarding ProSiebenSat.1 Media AG (“ProSieben-Sat.1”), including opinions, estimates and projections regarding ProSiebenSat.1’s or ProSiebenSat.1 Group’s financial position, business strategy, plans and objectives of management and f
Slide 19: Corporate Office
ProSiebenSat.1 Media AG Corporate Office Medienallee 7 D-85774 Unterföhring Tel. +49/89/95 07-1151 Fax +49/89/95 07-91151 19
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