August 4, 2016
Q2/H1 2016Press Presentation
Thomas Ebeling, CEO
Dr. Gunnar Wiedenfels, CFO
| Page 2| August 4, 2016 | | Page 2| August 4, 2016 |
Key financials in Q2 2016
Continuing operations
[Q2 2016 vs. Q2 2015; in EUR m]
Revenues
Recurring EBITDA
Underlying net income
886
254
133
+15%
+7%
+8%
1 2 3 4 Q2/H1 2016 – At a Glance
✔
✔
✔
| Page 3| August 4, 2016 | | Page 3| August 4, 2016 |
Key financials in H1 2016
Continuing operations
[H1 2016 vs. H1 2015; in EUR m]
Revenues
Recurring EBITDA
Underlying net income
1,688
424
207
+18%
+9%
+7%
✔
✔
✔
1 2 3 4 Q2/H1 2016 – At a Glance
| Page 4| August 4, 2016 | | Page 4| August 4, 2016 |
2018 Group revenue growth target and achievement by Q2 2016
Note: incl. pro-forma consolidation effects; 1) As of Q2 2016
Degree of achievement 1) 63% 61%Pro-rata target 58% 58%
Required CAGR by 2018 +7.4% +5.4%
2018 Group revenue and recurring EBITDA target[in EUR m]
2018 segment revenue targets[in EUR m]
2,356
745
3,522
960
4,206
1,095
ProSiebenSat.1 Group Group rec. EBITDA
1,926
33595
2,181
1,029
302
2,301
1,535
370
Broadcasting German-speaking
Digital & Adjacent Content Production &Global Sales
2018 target2012 Q2 2016 (LTM)
68% 58% 75%58% 58% 58%
+2.2% +17.3% +8.5%
1 2 3 4 Q2/H1 2016 – At a Glance
| Page 5| August 4, 2016 | | Page 5| August 4, 2016 |
ProSiebenSat.1 is well positioned for future growth
1 2 3 4 Q2/H1 2016 – At a Glance
Broadcasting German-speaking
TV advertising revenue growth Print to TV media mix shift
Pricing opportunities
Addressable TV advertising
Innovative TV ad products
Distribution revenue growth Monetization of HD channels
across all platforms
Mobile/OTT products
New industrial partnerships
Digital & Adjacent
Dynamically increasing digital video consumption Strong presence in all key
digital entertainment markets
AdVoD/streaming, SVoD,
TVoD, MCN, ad tech/data
New commerce ecosystems
Leveraging conversion of TV & commerce
Strong M&A track record
Content Production & Global Sales
Growing content library Development and distribution
of new innovative formats
Growing international customer base
Increasing number of returning shows
Successful acquisitions in the scripted, non-scripted and digital content space
Support from very solid macro-economic environment in key markets Germany, Austria and Switzerland
| Page 6| August 4, 2016 | | Page 6| August 4, 2016 |
Strong participation in new P7S1 employee share plan
1) Basis: 3,720 employees; 1,823 actually invested an average amount of EUR 691.
of participants invest maximum amount in
multi-year share program
first-time participation of
eligible employees1)
at launch of MyShares program
52%49%
1 2 3 4 Q2/H1 2016 – At a Glance
| Page 7| August 4, 2016 | | Page 7| August 4, 2016 |
Q2 2016: Group revenue growth again driven by all segments
Continuing operations
Broadcasting German-speaking
Key Group revenue growth drivers vs. PY[Q2 2016 external revenues; growth rates in %]
Digital & Adjacent Content Production & Global Sales
TV advertising
EUR 496m, +1%
Digital Entertainment
EUR 101m, +53%
Red Arrow
EUR 77m, +42%
Distribution
EUR 31m, +7%
Ventures & Commerce
EUR 147m, +50%
Adjacent
EUR 14m, -26%
EUR 541m, +1% EUR 263m, +43% EUR 77m, +42%
1 2 3 4 Q2/H1 2016 – Financial Performance Review
| Page 8| August 4, 2016 | | Page 8| August 4, 2016 |
Q2/H1 2016: Group P&L – improvement of all key metrics
Continuing 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] Q2 2016 Q2 2015 Δ H1 2016 H1 2015 ΔRevenues 886 772 +15% 1,688 1,427 +18%Recurring EBITDA 254 238 +7% 424 390 +9%
Non-recurring items 4 -12 ./. -5 -19 -74%
Thereof Group share plan1) 5 0 ./. 5 0 ./.
EBITDA 258 226 +14% 420 371 +13%Depreciation and amortization -47 -33 +43% -86 -62 +40%
Thereof PPA1) -15 -7 >+100% -25 -11 >+100%
Operating result (EBIT) 211 193 +9% 333 310 +8%Financial result -10 -20 -48% -34 -48 -30%
Thereof interest result -20 -19 +5% -46 -40 +13%
Thereof valuation effects1) 15 -1 ./. 14 -7 ./.
Earnings before tax (EBT) 201 173 +16% 299 262 +14%Net income2) 136 118 +16% 203 179 +13%Underlying net income3) 133 1224) +8% 207 1934) +7%
1 2 3 4 Q2/H1 2016 – Financial Performance Review
| Page 9| August 4, 2016 | | Page 9| August 4, 2016 |
Financial leverage at the end of Q2 2016 well inside target range of 1.5-2.5x net debt to recurring EBITDA
Financial leverage: Net debt/LTM rec. EBITDA (LTM rec. EBITDA of EUR 960m (previous year: EUR 878m) for continuingoperations)
1,782
223
2,005
0
500
1,000
1,500
2,000
2,500
30/06/2015 Change 30/06/2016
Net debt[in EUR m]
Net financial debt
Financial leverage
2.0x 2.1x
1 2 3 4 Q2/H1 2016 – Financial Performance Review
| Page 10| August 4, 2016 | | Page 10| August 4, 2016 |
Softer Q2 ratings due to EURO 2016
Basis for 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; Basis for A: A 12-49; Mon-Sun, 3-3 h, incl. P7 MAXX
Austria and SAT.1 Gold Austria (from Jul 15, 2014 onwards); Basis for CH: D-CH; A 15-49; Mon-Sun, 3-3 h, incl. PULS 8
(from October 8, 2015 onwards); Source: Mediapulse TV-Panel; Source: AGTT/GfK: Fernsehforschung/Evogenius
Reporting
1 2 3 4 Broadcasting German-speaking
Switzerland (A 15-49)
Austria (A 12-49)
Germany (A 14-49)
Q2 2016
16.7%
27.8%
22.6%
Audience share [in %] Q2 2015
19.0%
29.8%
23.3%PULS 4
with strongest Q2
in channel history (4.4%)
| Page 11| August 4, 2016 | | Page 11| August 4, 2016 |
Upward trend continued with expected sports effect in June
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
[in %]
25.029.429.128.828.427.3
May 2016April 2016March 2016February 2016January 2016
-4.4+0.3+0.4 +1.1
June 2016
+0.3
1 2 3 4 Broadcasting German-speaking
Q1/2016
Q2/2016
Audience share development Germany (A 14-49)
| Page 12| August 4, 2016 | | Page 12| August 4, 2016 |
Positive TV ad performance
1) Source: Nielsen Media Research; Note: gross figures excl. YouTube and Facebook
1 2 3 4 Broadcasting German-speaking / Ad Market Performance
Continued positive pricing development ✔
Growing number of addressable TV campaigns ✔
P7S1 German-speaking net TV advertising revenue growth of >2% in H1 ✔
Continued increase of TV share in media mix1) ✔
| Page 13| August 4, 2016 | | Page 13| August 4, 2016 |
maxdome with strong SVoD subscriber growth
1) End of period Q2 2016 vs. end of period Q2 2015; 2) Q2 2016 vs. Q2 2015; 3) Average of period Q2 2016 vs. average of
period Q2 2015
1 2 3 4 Digital & Adjacent
+71%
SVoDsubscribers1)
+23%
Totaluser base3)
+32%
Total video views2)
Top 3 market position Relaunch in April 2016
Curated recommen-
dations
| Page 14| August 4, 2016 | | Page 14| August 4, 2016 |
Verivox has achieved a strong performance
1) Q2 2016 vs. Q2 2015; 2) Total sold contracts new verticals (non-energy) Q2 2016 vs. Q2 2015
New travel verticalwith technology, service & content from leveraging cross-platform synergies
New brand campaign underlining and further driving positioning as trusted consumer portal
1 2 3 4 Digital & Adjacent
+23% revenue growth1)
2)
New verticalswith
+46%contracts
| Page 15| August 4, 2016 | | Page 15| August 4, 2016 | Notes: Q2 2016 vs. Q2 2015; 1) Barclays research, PhocusWright
Data excellence
Increasing scale through internationalization
Push of Überfliegerbrand through P7S1 TV power
+81%revenue growth
>20x1)market growth
Value drivers
1 2 3 4 Digital & Adjacent
+42% growth of
transaction volume
Our largest travel asset ETI is notably outperforming the market
| Page 16| August 4, 2016 | | Page 16| August 4, 2016 |
Three-pillar strategy of SevenVentures
1 2 3 4 Digital & Adjacent
Exits of SevenVenturesportfolio
Transfer to P7S1’straditional TV ad business
Acquisitions of previous SevenVentures media deals
by P7S1
| Page 17| August 4, 2016 | | Page 17| August 4, 2016 |
New/extended deals in SevenVentures portfolio1)
SevenVentures added/extended three deals in Q2 2016
1 2 3 4 Digital & Adjacent
1) HeilpflanzenWohl closed on July 7, 2016 (related party transaction, for more details please see page 51 in Q2 2016 report).
New
New
Extended
| Page 18| August 4, 2016 | | Page 18| August 4, 2016 |
We confirm our positive full-year guidance
1 2 3 4 Q2/H1 2016 – Outlook
Continuing operations
Recurring EBITDA and underlying net income above prior year ✔
Ad performance in line with positive net TV ad market growth range ✔
Digital & Adjacent with double-digit revenue growth ✔
Group revenue growth to exceed +10% ✔
| Page 19| August 4, 2016 | | Page 19| August 4, 2016 |
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 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.
| Page 20| August 4, 2016 |