PowerPoint-Präsentation...Dec 06, 2016 · revenues booked in Q3 2016 (without 44 Blue); 3) % returning shows as of revenues (without 44 Blue); 4) Cumulative 2010 to 2016. Number

| October 13, 2016 |

The power of television

November 3, 2016

Q3 2016IR Presentation

| November 3, 2016 |


November 3, 2016

Q3 2016 – At a GlanceThomas Ebeling Chief Executive Officer

| November 3, 2016 || November 3, 2016 |

Key financials in Q3 2016

3Continuing operations

[Q3 2016 vs. Q3 2015; in EUR m]

3 41 2 Q3 – At a Glance

Revenues

Recurring EBITDA

Underlying net income

857 +15%

202

87

+13%

+11%


Q3 2016: Group revenue growth driven by all segments

4

Ext. segment revenues[in EUR m; growth rates in %]

+2% +23% +34%

Broadcasting German-speaking

Content Production & Global Sales Digital Entertainment Digital Ventures &

Commerce

+44%

[in EUR m]


8099

Q3 2015 Q3 2016

465 472

Q3 2015 Q3 2016

125

181

Q3 2015 Q3 2016

74100

Q3 2015 Q3 2016


Major operational highlights

51) maxdome cooperation with Deutsche Bahn is a closed circuit service


New leading subscription-based asset in Dating

Dynamic performance of acquired companies

New minority investment in online price comparison

Launch of new linear online video platform

New and extended distribution deals

TV TV

VoD1)

+

Anchor assets inHealth & Wellbeing


2018 Group revenue growth target and achievement by Q3 2016

61) As of Q3 2016

Degree of achievement1) 59% 60%Pro-rata target 63% 63%

Required CAGR by 2018 +10% +7%

2018 Group revenue and rec. EBITDA target[in EUR m]

2018 segment revenue targets[in EUR m]

1,926

227108 95

2,188

447655

328

2,301

563

1,172

470

Broadcasting German-speaking

Digital Entertainment Digital Ventures &Commerce

Content Production &Global Sales

2018 target2012 Q3 2016 (LTM)

70% 65% 51% 62%63% 63% 63% 63%

+2% +11% +30% +17%

2,356

745

3,631

983

4,506

1,145

ProSiebenSat.1 Group Rec. EBITDA



We confirm our positive full-year guidance

7

Group revenue growth to exceed +15%

German TV ad market to grow 2% plus in 2016

Digital Entertainment and Digital Ventures & Commerce with double-digit revenue growth

Recurring EBITDA and underlying net income above prior year


P7S1 TV ad revenue growth slightly below market



November 3, 2016

Q3/9M 2016 – Financial Performance Dr. Gunnar WiedenfelsChief Financial Officer


Q3 2016: dynamic revenue and recurring EBITDA increase


Consolidated revenues [in EUR m]

Recurring EBITDA[in EUR m]

0

300

600

900

0

100

200

300

202178

+15%

Q3 2016

747857

Q3 2015 Q3 2016Q3 2015

+13%

3 41 2 Q3/9M – Financial Performance

Q3 2016: Recurring EBITDA margin of 24%

| November 3, 2016 || November 3, 2016 | 10Continuing operations; 1) Q3 2015: underlying net income restated due to retrospective adjustments of valuation effects of put-options and earn-out liabilities

Q3/9M – Financial Performance

10

Financial result[in EUR m]

Underlying net income[in EUR m]

-50

-25

0

25

-35

-1

>+100%

Q3 2016Q3 20150

20

40

60

80

100

+11%

Q3 2016

87

Q3 20151)

79

3 41 2

Q3 2016: valuation effects recognized in the financial result adjusted in underlying net income


9M 2016: double-digit revenue and recurring EBITDA increase



11

Consolidated revenues [in EUR m]

Recurring EBITDA[in EUR m]

9M 2016: Recurring EBITDA margin of 25%

0

1,000

2,000

3,000

0

250

500

750626568

+17%

9M 2016

2,1742,545

9M 2015 9M 20169M 2015

+10%

3 41 2

| November 3, 2016 || November 3, 2016 | 12Continuing operations; 1) 9M 2015: underlying net income restated due to retrospective adjustments of valuation effects of put-options and earn-out liabilities


9M 2016: further high single-digit underlying net income growth

Financial result[in EUR m]

Underlying net income[in EUR m]

-100

-75

-50

-25

0

25

+38%

9M 20169M 20150

100

200

300

+8%

9M 20169M 20151)

3 41 2

-69-50

294271

| November 3, 2016 || November 3, 2016 | 13Continuing operations, recurring EBITDA on entity basis

Q3/9M – Financial Performance3 41 2

Broadcasting German-speaking: continued positive development of revenue and profits

Q3 2016

Q3 2015 y-o-y 9M

20169M

2015 y-o-y Comments

Ext. revenues 472 465 +2% 1,506 1,470 +2% Q3 TV ad revenues reflectsports events and strong prioryear (Q3 2015: +5.2%). 9MTV ad revenues in line withfull-year guidance. Continueddistribution revenue growthdriven by HD, mobile/OTT.

TV advertising 424 423 +0% 1,374 1,352 +2%

Distribution 30 26 +16% 90 80 +12%

Rec. EBITDA 147 137 +7% 479 460 +4%Solid margin development inQ3 and 9M 2016 supportedby internal revenue growth.

External revenues and recurring EBITDA[in EUR m]


Digital Entertainment: solid revenue growth marked by mix effects

14Continuing operations, recurring EBITDA on entity basis


Q3 2016

Q3 2015 y-o-y 9M

20169M

2015 y-o-y Comments

Ext. revenues 99 80 +23% 304 228 +33% Segment revenues benefitingfrom dynamically growingAdVoD business with strongsupport from CDS/Studio71and AdTech business.Continued solid growth ofmaxdome. Q3 2016 reflectsdeconsolidation of Games.

AdVoD 70 38 +82% 198 ./. ./.

PayVoD 21 17 +21% 61 ./. ./.

Adjacent 8 13 -39% 26 ./. ./.

Games 0 12 -100% 20 ./. ./.

Rec. EBITDA 4 4 0% 19 23 -15%Q3/9M 2016 segmentprofitability burdened byAdjacent revenue decline.


| November 3, 2016 || November 3, 2016 | 15Continuing operations, recurring EBITDA on entity basis

Digital Ventures & Commerce: overall dynamic revenue growth


Q3 2016

Q3 2015 y-o-y 9M

20169M

2015 y-o-y Comments

Ext. revenues 181 125 +44% 483 293 +65% Dynamic revenue increasedriven by double-digit organicsegment revenue growth inQ3 and consolidation effects.Development of Seven-Ventures in Q3 reflects strongprior-year comparable figures.

Online Price Comparison 23 9 >+100% 74 ./. ./.

Online Travel 92 65 +42% 233 ./. ./.

Lifestyle Commerce 37 18 +100% 85 ./. ./.

SevenVentures 29 34 -13% 91 ./. ./.

Rec. EBITDA 40 35 +14% 105 81 +30%Double-digit rec. EBITDAgrowth both in Q3 and 9M2016.


| November 3, 2016 || November 3, 2016 | 16Continuing operations; recurring EBITDA on entity basis

Content Production & Global Sales: significant improvement of revenues and profitability



Q3 2016

Q3 2015 y-o-y 9M

20169M

2015 y-o-y Comments

Ext. revenues 100 74 +34% 240 174 +38%Segment revenues benefitingfrom contribution of acquiredassets Karga7, DorseyPictures and 44 Blue as wellas organic revenue growthparticularly of US productionbusiness.

Total revenues 111 92 +20% 284 216 +32%

Rec. EBITDA 11 5 >100% 27 10 >100%Meaningful improvement ofsegment profitability in Q3and 9M 2016.


Q3/9M 2016: Group P&L – improvement of all key metrics

17Continuing operations; 1) Adjusted in underlying net income; 2) Result for the period attributable to shareholders of ProSiebenSat.1 Media SE; 3) Adjusted for valuation effects of Group Share Plan, PPA as well as valuation effects of at-equity investments, put-options and earn out liabilities and financial assets; 4) Restated due to retrospective adjustment of valuation effects of put-options and earn-out liabilities


[in EUR m] Q3 2016 Q3 2015 Δ 9M 2016 9M 2015 ΔRevenues 857 747 +15% 2,545 2,174 +17%Recurring EBITDA 202 178 +13% 626 568 +10%

Non-recurring items -13 -11 +15% -18 -30 -40%EBITDA 188 166 +13% 608 538 +13%

Depreciation and amortization -52 -35 +48% -138 -97 +43%Thereof PPA1) -14 -7 +94% -39 -18 >+100%

Operating result (EBIT) 137 131 +4% 470 441 +6%Financial result -35 -1 >+100% -69 -50 +38%

Thereof interest result -19 -23 -15% -65 -63 +3%Thereof valuation effects1) -9 28 ./. 7 22 -68%

Earnings before tax (EBT) 102 130 -22% 401 392 +2%Net income2) 68 73 -7% 271 252 +7%Underlying net income3) 87 794) +11% 294 2714) +8%

| November 3, 2016 || November 3, 2016 | 18Financial leverage: Net debt/LTM rec. EBITDA (LTM rec. EBITDA of EUR 983m (previous year: EUR 893m) for continuing operations)


Net financial debt

1,953

466

2,419

0

500

1,000

1,500

2,000

2,500

3,000

30/09/2015 Change 30/09/2016

Financial leverage

2.2x

2.5x

Net debt[in EUR m]

Financial leverage at the end of Q3 2016 reflects M&A activity

3 41 2


Financial outlook for 2016

19


Financial leverage 1.5x – 2.5x

Recurring EBITDA above prior year

Underlying net income above prior year

Group revenue growth >+15%



November 3, 2016

Broadcasting German-speaking& Red ArrowThomas Ebeling Chief Executive Officer


Key achievements Q3 2016

21

Maintaining leading position in the German TV market

Launch of seven new TV apps on mobile and SmartTVs

Continuous improvement of Red Arrow KPIs

3 41 2 Broadcasting German-speaking & Red Arrow


Ratings again reflect summer Olympics and soccer cup aired on publics

1) Basis (GER): All German TV households (GER+EU/German-speaking), A 14-49; Mon-Sun, 3-3 h; Source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland; 2) Basis (AT): A 12-49, Mon-Sun, 3-3 h; Source: AGTT/GfK: Fernsehforschung/Reporting;3) Basis (CH): German-speaking Switzerland, A 15-49 incl. guests, Mon-Sun, (2-2 h), overall signal, change in CH measurement system in 2013; Source: Mediapulse TV-Panel (Instar Analytics)

| November 3, 2016 | 22


Audience share [in %] Q3 2016

17.2

27.5

22.7

Q3 2014

17.7

29.3

22.1

Q3 2012

17.8

26.9

21.7

Summer Olympics & soccer cup

Summer Olympics & soccer cup

PULS 4 with

strongest 9M in channel

history (4.2%)

Switzerland3)

(A 15-49)

Austria2)

(A 12-49)

Germany1)

(A 14-49)


[Q3 2016, in %][Q3 2016, in %]

24.427.5

31.6

44.7

Audience share (A 14-49)1) Share of advertising2)

We have the leading position in the German TV market

1) Basis: All German TV households (German-speaking), A 14-49, Mon-Sun, 3-3 h; RTL Mediengruppe since June 2016 incl. RTLplus; w/o RTL II minority; Source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland; 2) Gross values; Source: Nielsen Media Research/SevenOne Media, Sales Steering & Market Insights

∆+3.1%

pts

∆+13.1%

pts

23



We have a broad and successful format portfolio

Basis: All German TV households (German-speaking), A 14-49 years, Mon-Sun, full day 3-3h; Source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland 24

EXAMPLES

Blockbuster movie Premium sitcom Lighthouse entertainment

Scripted reality Daily factualReality event

Up to

19.8%Up to

16.9%

Up to

15.4%Up to

16.7%

Up to

21.6%


Up to

17.9%

Q3 2016 audience shares


Strong start for The Voice of Germany on both ProSieben and SAT.1

Basis: All German TV households (German-speaking), A 14-49 years, Thu/Sun, 20:15-22:30h; Source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland 25


The Voice of Germany

Up to 23.3%

Top ratings: ProSieben with up to 23.3% and SAT.1 with up to 20.6%

New SAT.1 show Sunday successfully established

| November 3, 2016 || November 3, 2016 | Basis: All German TV households (German-speaking), A 14-49, Mon-Sun, 3-3 h; Source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland

We expanded our channel family addressing an attractive niche target group

Q3 audience share since launch (September 22, 2016)

Successful new launch …

0.2%A 14-49

0.4%M 40-64

… with top 3 format highlights

“Das Doku-Magazin”

up to 1.0%“Ungeklärt - Mord verjährt nicht”

up to 3.0%“Mord im Paradies”

up to 2.4%

26


Key target group


We launched seven new TV apps on mobile and SmartTVs

271) Mobile downloads and Smart TV apps (Aug 28-Oct 29, 2016); 2) MAU on all TV channel and smart TV apps; gross values, not corrected for double usage of multiple apps (Aug 28-Sep 28, 2016); 3) Video Views (full+short+live) on all TV channel and smart TV apps (Aug 28-Oct 29, 2016)

Launched in August 2016on iOS, android and Samsung SmartTVs

Free 24/7 live stream

Free 7 day catch-up

Online exclusive bonus & newsroom content

Strengthen TV brands & increase reach

Second screen features for TV program ping-pong

First 8 weeks after launch

2.6mapps installed1)

2.2mØ monthly active users2)

10mtotal video views3)

Enable vertical thematic channels within apps and converge with commerce offerings



Creation of compelling HbbTV consumer product

281) Potentially addressable users are defined as P7S1 viewers who have pushed the red button at least once;2) HbbTV technique enables playout of addressable TV formats like Switch-Ins and Spot Fullscreen Overlay (mid-term)

Additional monetization:Games, integrated shops, cross selling via commerce assets and advertising2)

Enhanced consumer offering:Comprehensive on-demand offering as extension of linear TV programNew info and entertainment service world around sports, news and stars

Improved product propositions

Individualized welcome screen

Brand adaptedlook and feel

Comprehensive media library Advertising

Shop

CONCEPT


~5mpotentially

addressableusers so far1)

News & entertainment

HbbTV driver for addressable TV:Hybrid proportion allows to profile user behavior and collect data


Red Arrow is improving its KPIs …

291) Incl. pilots, new and returning productions, multiple seasons counted as separate productions (without 44 Blue); 2) Returning shows with revenues booked in Q3 2016 (without 44 Blue); 3) % returning shows as of revenues (without 44 Blue); 4) Cumulative 2010 to 2016

Number of productions1)

Number of returning shows2)

Returning shows’ rate3)

Shows in the catalogue4)

Number of international sales clients4)

160+vs. 100+ in 9M 2015

67%vs. 53% in 9M 2015

880+vs. 800+ in 9M 2015

240+vs. 225+ in 9M 2015

390+vs. 260+ in 9M 2015



… and already represents 12% of local commissioned spending

301) Deviations due to rounding


Red Arrow share of local commissioned content

As % of commissioned spendings

9%

+44%

9M 2016

12%

9M 2015

+4∆

%pts1)


Innovative new shows and successful travelling formats in Q3

31


Longest running original drama series on Amazon

Emotionally charged new social experiment

Season 4 greenlighted by Amazon Video Prime

Picked up by TF1 Group and ProSiebenSat.1

Provocative dating format licensed to 10+ territories

Now commissioned by FYI in the US

New New season

Season 2 picked up by

ProSieben


Broadcasting German-speaking & Red Arrow: outlook 2016

32


Continue to strengthen core channels

Develop innovative multi-channel consumer offerings targeting Millennials

Leverage TV Germany - Red Arrow relationship for content creation

Launch new thematic magazines, windows and channels2

3

4

1



November 3, 2016

Broadcasting German-speakingAd Market PerformanceThomas Ebeling Chief Executive Officer


Positive TV ad performance

341) Source: Nielsen Media Research; Note: Gross figures excl. YouTube and Facebook

Broadcasting German-speaking – Ad Market Performance3 41 2

Slight growth of P7S1 German-speaking TV advertising revenues in Q3

Continued increase of TV share in media mix1)

Continued positive pricing development

Growing number of addressable TV campaigns


Stable to slightly declining gross ad shares in Q3 2016

35Basis: Jul–Sep 2016; Source: Nielsen Media Research/Media Focus


Switzerland

Austria

Germany

28.5%

45.5%

37.9%

ProSiebenSat.1 gross TV ad market share[in %]

24.8%

44.7%

37.9%

Q3 2015Q3 2016


[Q3 2016, in %]

3.3

31.6

44.7

Public broadcasters

Share of advertising

We maintain our leading position in the German market

36Gross values; Source: Nielsen/SevenOne Media, Sales Steering & Market Insights

3 41 2 Broadcasting German-speaking – Ad Market Performance


CPT increase of all ProSiebenSat.1 core channels in first nine months

37CPT = Cost Per Thousand; Basis: All TV households in Germany (GER+EU/German-speaking); A 14-49, Mon-Sun, 3-3 h; Source: AGF in cooperation with GfK/TV Scope/SevenOne Media/Pricing & Media Strategy


9.08.0 7.7 7.2

5.1

Gross CPT growth[9M 2016 vs. 9M 2015; in %]


Innovation leader in HbbTV-enabled addressable TV advertising

38


Universal Pictures

Opel

Eurowings

Burger King

Mobilcom Debitel

Hyundai

Borco

Peugeot

Ferrero

60campaigns

42 clients9M 2016

SwitchIn XXL

SwitchIn 27 campaigns

22 clients9M 2015

Spot overlay


TV continues to benefit at the expense of other media

39Source: Nielsen Media Research; Online excl. search, affiliate and others not reporting their bookings to Nielsen (e.g. YouTube, Facebook)


Outdoor, Cinema

Magazines

Newspapers

Radio

TV

Total

Online

-0.7%pts

-0.7%pts

+1.0%pts

100.0%

46.8%

11.1%

6.1%

16.2%

12.3%

7.5%

Share of segment Change in media mix

+0.6%pts

+0.1%pts

-0.3%pts

Gross ad spendings, Germany[Q3 2016 vs. Q3 2015; in % and %pts]


6 out of 10 biggest industries increased TV budgets

40Source: Nielsen Media Research; Excl. Media & Publishing and Other Advertising


451

431419

356199

185

160146

137

124

3.241

13.9%

13.3%12.9%

11.0%6.2%

5.7%

4.9%4.5%

4.2%

3.8%

+6.8%

+16.9%+14.6%

+18.1%-27.5%

-0.0%+13.7%

+17.4%

+2.8%pts+0.9%pts

-0.3%pts-3.3%pts

+3.6%pts

+2.7%pts+1.0%pts

+0.4%pts

100.0% +6.9% +1.0%pts

in EUR m Share Δ Δ TV in media mix210

29

62

53

55

-75

-1

0

18

20

-12

in EUR m

Detergents

Finance

Beverages

Motor Vehicles

Food

Business Services

Pharmacy

Telecommunication

Cosmetics & ToiletriesTrade & Shipment

Total+4.5%pts

-0.5%

-8.8%

+3.3%pts

Gross TV ad spendings of top 10 TV industries, Germany[Q3 2016 vs. Q3 2015; in EUR m; % and %pts]


German TV advertising market expected to grow 2% plus

41Source: ZAW (2010-2015); ProSiebenSat.1 estimate, 2016E


3%

4%

2%

1%1%

2011 20142012 2013 2015 2016E

+2% plus

Annual net TV ad market growth rate

++

+

+

+

German net TV ad market growth

| November 3, 2016 || November 3, 2016 | 42Source: Warc International Ad Forecast 2016 (August 2016); ZenithOptimedia Advertising Expenditure Forecasts (September 2016); Magna Global (Broadcast TV, June 2016); SevenOne Media own estimate


+3.7% +3.0%

ProSiebenSat.1internal market estimate

+4.6%German net TV ad market estimates 2016

(previously +2-3%)

+2% plus

We assume more conservative TV ad market growth as industry analysts


Macro indicators signal economic improvement after Brexit referendum

43Source: Bloomberg

Markit German Services PMIIFO Business Expectations Index


YTD 2016YTD 2016

48

49

50

51

52

53

54

55

56

Jan 2016 Apr 2016 Jul 2016 Oct 2016

Markit German Services PMI

94

96

98

100

102

104

106

108

Jan 2016 Apr 2016 Jul 2016 Oct 2016

IFO Business Expectations Index

Brexit referendum: 06/26/2016

Brexit referendum: 06/26/2016


Sales outlook 2016

44


German net TV ad market growth of +2% plus in 2016

Continued increase of TV share in media mix

Further increase of CPTs

P7S1 to grow slightly below positive net TV ad market2

3

4

1



November 3, 2016

Broadcasting German-speaking –DistributionThomas Ebeling Chief Executive Officer


Dynamic increase of HD subscriptions in Q3 2016

46Note: HD Free-to-air subscribers Germany shown, paying subscriber figures as reported by platform partners (EoP, subject to subsequent adjustments by platform partners)

HD subscriber development [in m]

Broadcasting German-speaking – Distribution3 41 2

CMD target 2018

Q3 2016

9.2

6.9

Q3 2015

6.0

Q3 2014

5.1

Q3 2013

3.9

Q3 2012

2.3

2.3

+0.9m vs.

Q3 2015

+16%

| Page 47| November 3, 2016 |

New and extended deals further strengthen Distribution business

471) Incl. all P7S1 FTA and Pay TV channels except ProSieben Fun

3 41 2 Broadcasting German-speaking – Distribution

All P7S1 FTA channels available on the new eXaring OTT platform

New partner

Long-term contract extension for the distribution of all P7S1 FTA and Pay TV channels including comprehensive mobile coverage and new rights features (i.e. nPVR and Instant Restart)

Contract extension

Long-term contract extension for the successful Unitymedia/ maxdome bundling

Contract extension

Prolongation and extension for the distribution of P7S1 FTA & Pay TV channels1) in Austria via DTH

Contract extension



November 3, 2016

Digital EntertainmentThomas Ebeling Chief Executive Officer


We further expanded and strengthened our portfolio

49

3 41 2 Digital Entertainment

New VoD platform Quazer merged with U.S. based Pluto.tv

Studio71 further expanded and internationalized

maxdome’s top 3 position strengthened with new distribution deals

Content marketplace glomex launched

Seven TV channel apps launched


Digital Entertainment1) continues to grow

501) Without Games, as deconsolidated Q2 2016 (EUR 12m in Q3 2015)


Revenues[Q3 2016]

Revenue growth (%)[Q3 2016 vs. Q3 2015]

Revenue growth[Q3 2016 vs. Q3 2015]

Adjacent

-39%

EUR

-5m

EUR

8m

PayVoD

+21%

EUR

+4m

EUR

21m

AdVoD

+82%

EUR

+32m

EUR

70m


Our German AdVoD business grows strongly

511) P7S1 AdVoD business, external view, incl. own and operated platforms, Studio71 (GER only), mandates, digital out-of-home and AdTech; P7S1 estimate of net video ad market growth: Total incl. YT/FB +30-40%; 2) Mobile downloads and Smart TV apps, Source: Internal data; 3) Source: Internal data Q3 2016 vs. PY (GER only, excl. US)

2.6mapps installed

within 8 weeks2)

+68%video viewsin Germany3)

Launch of seven TV channel apps

Multi-channel network


ProSiebenSat.1 AdVoD revenues, Germany1)

[in EURm]

Q3 2015 Q3 2016

+29%


Quazer was developed for an attractive market position …

52Note: Non-exhaustive overview; 1) CAGR for 2015-2018 based on P7S1 estimation

Fict

iona

l vid

eoFa

ctua

l vid

eo

On-Demand/Lean-Forward Lean-Back

Quazer follows the vision of creating TV-like experiences in the fast growing factual video segment

Innovative lean-back entertainment close to todays linear TV-experience

Innovative curation of niche channels

Unique mix of TV programs, web programs and later original content

>60%market

growth1)

>40%market

growth1)

New

>60 channels



… and is now merged into Pluto.tv to participate in international growth

53

New linear lean back VoD watching

~14%P7S1 stake in

combined business

>5m monthly

active users (MAU) in the U.S.

>10bn total viewing

minutes since launch

We have invested a strategic minority stake in U.S. based Pluto.tv and merged our German linear VoDplatform business Quazer

Pluto.tv is a new generation of online linear stream video and best positioned in U.S. linear VoD market

Together with other strategic investors, we plan to further grow Pluto.tv and Quazer and distribute relevant P7S1 content



Studio71 remains market leader, with strong growth in VV …

541) Basis: Before CDS acquisition pro forma incl. CDS; Source: YouTube CMS, own calculations, quarterly VVs; 2) ComScore YouTube Partners Report August 2016 (content views, desktop only, incl. music MCNs, Maker not listed), Studio71 GER and Studio71 US combined; 3) Monthly videoviews, last 30 days July 2016, based on SocialBlade “Top 250 YouTube Networks” report (incl. music MCNs)

Studio71 global video views1)

[in bn]

Studio71 TubeOne Networks

VEVOBroadbandTV

Warner Music


Strong growth of VV continued #1 MCN in Germany2)

Global #4 MCN³)

>420msubscribers

2.02.7

3.8 4.4 4.9 5.5

7.4

9.4

12.4

14.616.2

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2014 2015 2016


… and an increasing monetization of our YouTube channels

55


Average monthly revenue per YouTube channel

+110%y-o-y

growth

[in EUR m]

Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016E


In addition, we take actions for further global expansion

561) YTD August 2016


Signing of international superstar The Rock

Entering Spanish-speaking market

Executing bigger productions

>1.3m subscribers

after 5 months

Among top 10

channels in Spain

• Social media star with more than 130m followers on all platforms

• #6 most subscribed channel on YouTube within first months

First major steps in Spanish speaking market

• Signing of one of the biggest Spanish creators Jordi Wild

Release in US-Theatres and iTunes Launch of ‘Maximum Ride’

• Further pushing of new long form formats and bigger projects

>100% growth

in global IP business1)


We have just launched glomex, a global content marketplace

57

Media Exchange Service:Increasing video reach and revenue

Content owners Publishersglomex Media Exchange Service

Open, international B2B marketplace

for premium video content

Media Delivery Service:Reducing video delivery cost

Video Value Service:Unlocking blocked ad revenue


21customers

alreadysigned

>100kvideos


maxdome protects its top 3 position as local partner of choice

581) Q3 2016 vs. Q3 2015; 2) End of period Q3 2016 vs. end of period Q3 2015; 3) Based on subscribers; Sources: forsa, GfK, Nielsen, ComScore & Phaydon Research based on end of Q3 2016

+21%

PayVodrevenues1)

Top 3

Market position3)

+48%

SVoDsubscribers2)

maxdome subscriber base growing above market YTD 20163) maxdome is the local partner of choice


New


Extension of long-term cable distribution partnership

59



Starwatch increases own music and event portfolio

601) Subscribers/followers/fans on YouTube, Spotify, Facebook, Instagram and Twitter


First release of YouTube star Nicole Cross with

360° label artist contract

Event co-production Bodyguard in line with expectations

>900kSocial Media

fans1)

>350ksold tickets

Strong music track record in 2016 so far

2119

Q3 2015 YTD Q3 2016 YTD

GOLD and PLATINUM Awards

+2



November 3, 2016

Digital Ventures & CommerceThomas Ebeling Chief Executive Officer


Digital Ventures & Commerce key highlights in Q3

62

Dynamic and profitable growth

Four new key investments

Continuous build up of our Lifestyle Commerce Ecosystem

SevenVentures with new high-profile deals

3 41 2

Strong performance of our key assets

Digital Ventures & Commerce


Digital Ventures & Commerce sustains its dynamic growth

63

Digital Ventures & Commerce3 41 2

External revenues Entity rec. EBITDA

181

125

+44%

Q3 2016Q3 2015

40

35

+14%

Q3 2016Q3 2015

[in EUR m] [in EUR m]+44% +14%


We continue to successfully expand our strong portfolio

1) Strategic minority investment, closing envisaged in Q4 2016; 2) Stake raised from 29% to 49.9%, closing envisaged in Q4 2016


Online Travel Online Price Comparison Online Dating Lifestyle

Commerce

64

7NXT

3 41 2


We invested in the fast growing online comparison portal KäuferPortal

1) Closing envisaged in Q4 2016


FinanceHome Service

65

Indoor Outdoor Real estate Pension Plan Insurance

Asset-light business with perfect fit to our investment strategy complementing Verivox with high-value products & services

KäuferPortal is the leading specialized online marketplace for complex investment goods and services

3 41 2

buyerinquiriesper year

>1.2m

42%P7S1

stake1)


Parship as lighthouse investment in attractive Matchmaking segment

661) Germany; 2) Core market Germany, 2012-2015; Source: P7S1 analysis, Singleboersenvergleich market study (reported revenues for Parshipand ElitePartner, estimate for eDarling)


Attractive market with CAGR of >+10%2), high single-digit growth going forward

High-margin and asset-light consumer subscription business

Opportunity to increase rec. EBITDA margin to25-30%, up from 21% (2016E)

Considerable TV advertising and non-TV synergies expected

Notable cross-selling potential with lifestyle commerce assets

Investment rationaleKey players in Matchmaking segment1)

#1

#3

Continuous leadership in Matchmaking since 2006

#2

>80%share2)


Windstar is our first cornerstone mass retail OTC brand

67


Unique provider of care and nutrition products

Investment rationale

Strong foundation in growing TV-affine Health & Wellbeing market

Low brand awareness offering high potential through TV media

Asset-light business model due to outsourced production

High cash conversion and notable margin upside potential

High cross-selling potential with lifestyle commerce

Additional growth potential through online distribution


We increased our stake in health & wellbeing e-commerce player Vitafy

1) Closing envisaged in Q4 2016; 2) German Fitness, Weight loss, Nutrition, Health & Care e-commerce market 2016-2020; Source: IfD, Statista, Euromonitor


68

Vitafy as strategic anchor investment to further push Lifestyle Commerce Ecosystem synergies

Strong overall marketCAGR of >+10% anticipated2)

Attractive cross-selling synergies with P7S1 assets

#2#2 e-commerce player in health & wellbeing market focusing on healthy nutrition

3 41 2

49.9% P7S1

stake1)


Successful growth in our Online Travel vertical driven by multiple assets

691) Closing in November 2015


Revenue driversExternal revenues

92

65

+42%

Q3 2015 Q3 2016

[in EUR m]etraveli continued growth in core and new markets as well as through expansion of add-on product sales

Online package tour sales of weg.de returned to growth well ahead of market

Consolidation of etraveli1) with meaningful impact on Q3 revenues

+42%


etraveli is delivering strong revenue growth in existing and new markets

1) USA, Canada, Taiwan, China and India; 2) Revenues from non-ticket sources, such as baggage fees and on-board food and services


Effective scale up of operations

Successful low cost internationalization

Increased ancillary revenues2)

70

5new countrieslaunched in

Q31)

3 41 2

New in Q3 Existing

etraveli’s international operations


Our Online Price Comparison vertical more than doubled its revenues

71


External revenues

23

9

+172%

Q3 2016Q3 2015

[in EUR m] >+100%

Revenue drivers

Successful growth in energy pricecomparison segment despite seasonallylow switching activity in Q3

Significant conversion rate improvements and attractive product portfolio driving growth of telco price comparison segment

Revenue growth benefiting from remaining consolidation effects of Verivox acquisition


Verivox new subscription based contractoptimization service is creating lock-in-effects and thus boosts customer lifetime values

Verivox is further strategically expanding its sales channels & offerings

72


Verivox flagship store

3 41 2

Verivox prime

Verivox opens first offline store in Mannheim to broaden its target group and strengthen brand trust

Opened in 9/16

Launchedin 10/16


Flaconi, Amorelie and Stylight boost Lifestyle Commerce revenues

731) Closing in July 2016


37

18

+100%

Q3 2015 Q3 2016

[in EUR m] +100%Flaconi accomplished strong growth with improved conversion rates and widened assortment

Positive impact on revenues from first-time consolidation of Stylight1)

External revenues Revenue drivers

Amorelie with dynamic revenue growth driven by more than doubled international revenues


Food & Functional nutrition

Health,Wellbeing & OTC

Beauty & Accessories

Fashion

Engagement platforms

Lead Gen platforms

Omnichannelsales approach

TV reach

Physical goods

Prod

ucts

Branded formats

We continue to build our Lifestyle Commerce Ecosystem

741) New and previous formats; 2) Stake raised from 29% to 49.9%, closing envisaged in Q4 2016; 3) Private label of Vitafy; 4) Minority shareholding


Lifestyle Commerce verticals

TVPl

atfo

rms

4)

Selected examples

Lifestyle Commerce Ecosystem

3)

3 41 2

7NXT 7NXT

Selected examples1)


Stylight is increasing revenues through internationalization & synergies


Lead Generation platform

Strong revenue growth of Home & Living vertical driven by internationalization to nine further countries

Realization of synergies via ecosystem integration started (e.g. integration of Flaconi)

Deeper interlinkage of content & commerce in Fashion vertical drives advertising income

Existing product verticals

Fashion Shoes Home & Living

Acces-sories

75

3 41 2


ABOUT YOU offers personalized fashion discovery and has demonstrated fast growth since its start in 2013

Clark is an insurance management service with the potential to become a new category leader offering

attractive synergies with Verivox

SevenVentures with new high-profile M4E deals in Q3

76Note: Selection



Digital Ventures & Commerce: Outlook


77

3 41 2

Deliver double-digit revenue growth in FY 2016

Continue bolt-on M&A and further drive organic growth

Further internationalize our digital verticals



November 3, 2016

Q3 2016 – Summary & OutlookThomas Ebeling Chief Executive Officer


We confirm our positive full-year guidance

79

3 41 2 Q3 – Outlook

Group revenue growth to exceed +15%

German TV ad market to grow 2% plus in 2016

Digital Entertainment and Digital Ventures & Commerce with double-digit revenue growth

Recurring EBITDA and underlying net income above prior year

P7S1 TV ad revenue growth slightly below market


Disclaimer

80

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 orProSiebenSat.1 Group's financial position, business strategy, plans and objectives of management and futureoperations. Such forward-looking statements involve known and unknown risks, uncertainties and other importantfactors that could cause the actual results, performance or achievements of ProSiebenSat.1 or ProSiebenSat.1Group to be materially different from future results, performance or achievements expressed or implied by suchforward-looking statements. These forward-looking statements speak only as of the date of this presentation andare based on numerous assumptions which may or may not prove to be correct.

No representation or warranty, expressed or implied, is made by ProSiebenSat.1 with respect to the fairness,completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. Theinformation in this presentation is subject to change without notice, it may be incomplete or condensed, and itmay not contain all material information concerning ProSiebenSat.1 or ProSiebenSat.1 Group. ProSiebenSat.1undertakes no obligation to publicly update or revise any forward-looking statements or other information statedherein, whether as a result of new information, future events or otherwise.


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PowerPoint-Präsentation...Dec 06, 2016 · revenues booked in Q3 2016 (without 44 Blue); 3) % returning shows as of revenues (without 44 Blue); 4) Cumulative 2010 to 2016. Number