3 rd Quarter FY19 Results 5 th December 2018 Disclaimer This - PowerPoint PPT Presentation

3 rd Quarter FY19 Results 5 th December 2018

Disclaimer This document contains certain forward-looking statements with respect to Astro Malaysia Holdings Berhad’s (“Astro”) financial condition, results of operations and business, and management’s strategy, plans and objectives for Astro. These statements include, without limitation, those that express forecasts, expectations and projections such as forecasts, expectations and projections in relation to new products and services, revenue, profit, cash flow, operational metrics etc. These statements (and all other forward-looking statements contained in this document) are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Astro’s control, are difficult to predict and could cause actual results to differ materially from those expressed or implied or forecast in the forward-looking statements. These factors include, but are not limited to, the fact that Astro operates in a competitive environment that is subject to rapid change, the effects of laws and government regulation upon Astro’s activities, its reliance on technology which is subject to risk of failure, change and development, the fact that Astro is reliant on encryption and other technologies to restrict unauthorised access to its services, failure of key suppliers, risks inherent in the implementation of large-scale capital expenditure projects, and the fact that Astro relies on intellectual property and proprietary rights which may not be adequately protected under current laws or which may be subject to unauthorised use. All forward-looking statements in this presentation are based on information known to Astro on the date hereof. Astro undertakes no obligation publicly to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation has been prepared by Astro. The information in this presentation, including forward-looking statements, has not been independently verified. Without limiting any of the foregoing in this disclaimer, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of such information. Astro and its subsidiaries, affiliates, representatives and advisers shall have no liability whatsoever (whether in negligence or otherwise) for any loss, damage, costs or expenses howsoever arising out of or in connection with this presentation. 1 | 3QFY19 results

3Q FY19 key performance highlights 3Q FY18 vs 3Q FY19 Revenue -0.9% • Adex recovery leading to growing adex share of 43%, 74% RM1.40bn → RM1.38bn GROW and 4% for TV, Radio and Digital Sterling eCommerce performance – highest ever • quarterly revenue Adex +2% • Movie releases sets new benchmark in local box office - rivalling Hollywood blockbusters RM175mn → RM179mn • # 1 Premium local content creator with 12k hours of EBITDA +13% ENGAGE content created yearly RM418mn → RM473mn • Vernacular content underpinning 75% TV viewership share • 963k connected STBs driving content consumption • Hosted biggest eSports event - Kuala Lumpur Major (1) Norm. PATAMI +31% RM135mn → RM177mn 73% to 76% household penetration • REACH • 1.5mn to 2.1mn Astro GO registered users FCF of RM422mn • 1.2mn to 1.6mn Go Shop registered customers • 16.2mn weekly radio audience -4% from RM438mn 7.3mn avg monthly unique visitors to digital assets • 275% of PATAMI Note: 2 | 3QFY19 results (1) Normalised PATAMI excludes post-tax impact of unrealised forex gain/(loss) 3Q FY19: (RM 24m), 3Q FY18: RM 11m due to mark-to-market revaluation of M3B transponder lease liabilities

3Q FY19 year to date overview NB Highlights YTDFY18 YTDFY19 Growth (1) TV household data sourced from the Department of Statistics Malaysia and Media TV households (000s) (1) 7,288 7,405 1.6% Partners Asia TV household penetration (2) 73% 76% 4 pp (2) Household penetration comprises residential Pay-TV customers and NJOI customers TV customer base (000s) 5,334 5,662 6% (3) Viewership share is based on DTAM deployed by Kantar Media Pay TV ARPU (RM) 100.7 99.9 -0.8% (4) Audience measurement is provided by GfK. Astro TV viewership share (3) 77% 75% -2 pp Share of radex is based on internal estimates (5) Average monthly unique visitors to Astro’s Radio listenership (mn) (4) 16.5 16.2 -2% digital assets in the last 12 months as sourced Average monthly unique visitors (mn) (5) 6.9 7.3 6% from comScore, comparative restated accordingly Connected STBs (000s) (6) 702 963 36% (6) Connected set-top boxes (STBs) are Revenue (RM mn) 4,143 4,111 connected to the internet and have access to -0.8% Astro’s On Demand library of content Adex (RM mn) 526 491 -7% (7) Normalised PATAMI excludes post-tax impact of unrealised forex gain/(loss) YTD FY19: (RM EBITDA (RM mn) 1,429 1,223 -14% 59m), YTD FY18: RM 23m due to mark-to- EBITDA margin 34% 30% -4 pp market revaluation of M3B transponder lease liabilities Normalised PATAMI (RM mn) (7) 566 404 -29% (8) Data presented are for 9 months ended 31 FCF (RM mn) 1,160 1,113 -4% October. (9) Numbers may not add up due to rounding EPS (RM sen) 11.3 6.6 -42% differences 3 | 3QFY19 results

ASEAN content & consumer company TV COMMERCE CONTENT RADIO DIGITAL OTT (Over-The-Top) Service 192 channels 11 radio brands Digital Assets • Largest Pay-TV • 11 radio brands • #1 premium • 7.3mn avg monthly • 24/7 multilanguage operator in SEA unique viewers across shopping content creator & • 16.2mn weekly • Serving 5.7mn over 25 digital assets aggregator experience audience households • Gempak is the No. 1 • 1.6mn registered • Investing in content • #1 highest rated • 77% h ousehold digital entertainment verticals with customers stations across 4 penetration portal in Malaysia regional reach key languages • 43% TV adex share • Produced 12K hours • 75% radex share • 963K connected STBs of content in FY18 NB: 4 | 3QFY19 results (1) Cumulative count since inception (2) Connected boxes are set-top box connected to the internet and have access to On Demand library of content

Strong growth and engagement across all platforms Avg. Daily Viewers (mn) Avg. Time Spent/Day (hrs) TV Viewership Share -6% Astro FTA -4% TV 25% 03:49 -4% 03:36 75% 13.4 12.8 02:06 02:06 7.4 7.1 -2pp YTD FY18 YTD FY19 YTD FY18 YTD FY19 Total Connected STBs (1)(2) Avg. Weekly Viewing (mins) Total Video Downloads (mn) (000s) +20% +37% +185% 457 On Demand 381 963 38 702 13 3Q FY18 3Q FY19 3Q FY18 3Q FY19 3Q FY18 3Q FY19 App Downloads ( 1) (mn) Avg. Weekly Viewing (mins) Registered Users (1) (mn) +30% OTT 5.4 +38% 2.1 4.2 -19% 1.5 197 159 3Q FY18 3Q FY19 3Q FY18 3Q FY19 3Q FY18 3Q FY19 NB: 5 | 3QFY19 results (1) Cumulative count since inception (2) Connected boxes are set-top box connected to the internet and have access to On Demand library of content (3) Target Audience: Kantar Media, Dynamic TV Audience Measurement (DTAM). All Astro Pay-TV viewers

Revenue resilient underpinned by growth drivers (2) Total revenue (RM mn) YTD growth 1,420 1,417 1,397 (0.8%) 1,388 1,384 1,326 70 1,311 94 73 85 98 34% 62 84 208 161 175 196 179 (7%) 143 151 Go Shop Adex (1) Subscription/Others 1,162 1,149 1,140 1,121 1,107 1,107 (2%) 1,076 1Q FY18 2Q FY18 3Q FY18 4Q FY18 1Q FY19 2Q FY19 3Q FY19 NB (1) Disclosed as Subscription revenue and Other revenue in our financial statements, includes revenue streams such as TV subscription, licensing income, programme sales, NJOI revenue and theatrical revenue 6 | 3QFY19 results (2) YTD refers to 9 months ended 31 October (3) Numbers may not add up due to rounding differences

Avg monthly unique Adex bounces back this quarter Share of digital adex visitors (mn) (2) (RM mn) (3) 6.9 Advertising income YTD growth 4% 7.3 3% Total Malaysia TV Radio Digital 208 gross ADEX YTD 8 196 growth -7% (3)(6) 11 179 YTD FY18 YTD FY19 YTD FY18 YTD FY19 175 OVERALL ADEX 14 42% 10 161 Radio listeners (mn) (4) Share of Radex -3% 83 151 12 74% 143 73% 76 8 16.5 16.2 6 64 73 DIGITAL -12% 69 18% 63 67 YTD FY18 YTD FY19 YTD FY18 YTD FY19 RADIO -14% Share of TV adex TV viewership share (5) 117 -7% 109 77% 100 75% 92 43% 43% 80 80 70 TV -6% 1Q FY18 2Q FY18 3Q FY18 4Q FY18 1Q FY19 2Q FY19 3Q FY19 YTD FY18 YTD FY19 YTD FY18 YTD FY19 NB (1) Starting Q3FY19, digital adex is disclosed as a standalone component, hence all TV and Radio adex and comparatives have been restated accordingly. (2) Advertising income is net of commissions and discounts. (3) YTD refers to 9 months ended 31 October (4) Audience measurement is provided by GfK. Share of radex is based on internal estimates 7 | 3QFY19 results (5) Viewership share is based on DTAM deployed by Kantar Media. Share of TV adex is based on Astro and Group M’s estimates (6) Malaysia gross adex figures (covering TV, print, radio, cinema, in store media, outdoor and digital) are based on Nielsen and Group M’s data (7) Numbers may not add up due to rounding differences .