Investor Presentation As of Fourth Quarter and Full Year 2018 - PowerPoint PPT Presentation

Investor Presentation As of Fourth Quarter and Full Year 2018

Disclaimer This presentation contains forward - looking statements regarding the Company’s results and prospects. Actual results could differ materially from these statements. The forward - looking statements in this presentation should be read in conjunction with the factors described in “Item 3. Key Information – Forward Looking Statements” in the Company’s Annual Report on Form 20 - F, which, among others, could cause actual results to differ materially from those contained in forward-looking statements made in this presentation and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward - looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward - looking statements, whether as a result of new information, future events or otherwise. 2

SNAPSHOT: Our Core Businesses Share of Consolidated Revenue 2018 CONTENT CABLE A leading cable operator in Mexico Advertising Four broadcast channels Video Video : 4.4 million RGUs * in Mexico City and Data : 4.5 million RGUs affiliated stations Voice : 3.0 million RGUs throughout the country * Revenue generating units Network Subscription Voz 34% 26 pay-tv networks and 37% 74 feeds in Mexico and globally CABLE CONTENT Licensing & Syndication Univision royalties, other WiFi SKY licensing fees, and exports to over 75 21% CONTENT countries SKY SKY A leading DTH system in Mexico and internet provider, also operating in Central America and the Dominican Republic 7.7 million RGUs 3 Source: Grupo Televisa's public filings

SNAPSHOT: Highlights o North of Ps 100 billion in consolidated revenue , growing at a CAGR* of 6.5% since 2013 o Consolidated Operating Segment Income (“OSI”) Ps 40 billion , a CAGR of 6.4% since 2013 o Investment grade. Average debt maturity of 14.7 years . Net-debt-to-EBITDA of 2.2x o Declining Capital Expenditures-to-Sales ratio from 27.6% in 2016 to 17.7% in 2018 o 19.6 mm revenue generating units (“RGUs”) contributing with 61.6% of Consolidated OSI in 2018 o Fastest growing broadband provider in the country in terms of new customers o Content production powerhouse. During the fourth quarter , 40% of the audience in prime watched one of our broadcast or pay-TV channels. o Two thirds of Televisa’s equity is in the hands of institutional investors, mostly U.S. based o Publicly traded in the NYSE since 1993 and in the Mexican Stock Exchange since 1991 4 *Compound Annual Growth Rate

DEFINING TRENDS I. Highlights 4Q’18 II. Diversified revenue streams III. Growing operating cash flow IV. Untapped opportunities in growth markets V. Strong balance sheet 5

Highlights 4Q’18 o Consolidated Net Sales and Consolidated Consolidated OSI Operating Segment Income grew Revenue 2.9% and 3.2%, respectively Ps. in billions Ps. in billions o Advertising sales upfront reached 10.9 27.3 26.0 26.7 10.2 10.5 16.4 billion pesos 25.0 9.9 9.9 24.0 21.4 o Double-digit growth in Cable MSO 8.5 8.1 19.8 7.7 Segment Sales and Operating 18.3 Segment Income of 11.0% o Sky reached 92 thousand of broadband RGUs o Televisa concludes its restructuring analysis with the decision to remain as a vertically integrated media and telecommunications operator 6 Source: Grupo Televisa's public filings

Highlights 4Q’18 Cable Revenue Ps. in billions o Strong top line growth: 16.2% CAGR from 2013 9.5 8.6 o OSI margins have expanded rapidly, reaching 42.1% 8.3 7.6 in 4Q’18, up from 35.8% in 2013 6.2 o During 4Q’18 total net adds were 316 thousand, 4.6 4.0 3.7 representing a year-over-year growth in RGUs of 11.7% . 1Q18 2Q18 3Q18 4Q18 Net Adds ('000) Video 53 78 -35 6 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 Broadband 173 136 62 81 Telephony 36 115 247 229 Cable O.S.I. RGU Net Adds 262 329 274 316 Ps. in billions o Churn has come down significantly 4.0 3.7 3.3 o After important decline in capex, it is now free cash 3.0 flow positive 2.5 1.7 1.6 o Over 14.5* million homes passed, from which more 1.4 than 90% can receive data speeds of 100 Mbps o We purchased the fiber-to-the-home business of 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 Axtel in certain cities, adding more than 550 thousand RGUs Source: Grupo Televisa's public filings 7 *Excluding acquired homes passed from Axtel

Highlights 4Q’18 o As of 4Q’18, close to eight million pay TV RGUs in Sky Revenue Mexico, Dominican Republic and Central America Ps. in billions 5.5 5.6 5.5 5.0 o Revenue reached Ps 22.0 billion in 2018, 4.5 4.2 contributing with 20.7% of consolidated revenue 3.8 3.2 o Margins have remained solid at around 45% for more than 10 years, in spite of strong competition o Only pay TV platform in Mexico to transmit all 64 matches of the 2018 Soccer World Cup 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 o We launched broadband services under the Blue Sky O.S.I. Telecomm brand: Ps. in billions • Fixed broadband through incumbent’s network 2.4 (3 to 200 Mbps – subject to incumbent’s 2.2 2.3 2.2 2.0 technical capability in a given location) 1.8 1.6 1.4 • Fixed wireless broadband through Red Compartida and AT&T’s wireless network (5 and 10 Mbps) o As of the end of 2018, close to 92 thousand broadband RGUs 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 8 Source: Grupo Televisa's public filings

Highlights 4Q’18 Content Revenue o We are the leading producer of Spanish language Ps. in billions content in the world 11.1 11.7 10.8 10.6 10.6 o As of 4Q18, Content Revenue and Operating 10.4 Segment Income posted growth of 0.3% and 10.2 3.0%, respectively 9.7 o We fully revamped our content offering with more updated formats and storylines and higher production values 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 o Our flagship broadcast network alone brought more viewers than all competing pay TV Content O.S.I. networks combined Ps. in billions 5.1 4.8 4.8 4.7 4.8 4.6 o We are partnering with leading global content 4.0 players such as Amazon, Endemol, Mediapro and 3.9 Sony o Our new advertising sales mechanism has now been fully assimilated and is achieving its objectives 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 9 Source: Grupo Televisa's public filings

Highlights 4Q’18 o #1 Morning, afternoon and prime time channel in Mexico o Most watched shows (Mo-Fri): La Rosa de Guadalupe, Mi marido tiene más familia, Sin (Ch.2)Las miedo a la verdad. o #1 Comedy Shows: El privilegio de mandar, 40 y 20, Nosotros los Guapos. Estrellas o #1 Magazine show: Hoy o Sunday reality leaders: La Voz México, Pequeños gigantes and Mira quien baila. o Channel 2 and Channel 5 have as much audience as all pay TV channels combined Kids o Most successful animated content o #1 morning newscasts with Despierta con Loret and Al aire con Paola o #1 night newscast with En punto con Denise Maerker News o #1 news channel on a national basis: Foro TV o 23 out of 30 most watched soccer matches in local league. Sports o Most watched night soccer show: La Jugada and NTD. Exclusive sports events o Leader in 2018 Soccer World Cup audience Movies o Most watched movies in FTA TV: No se aceptan devoluciones and No manches Frida o 5 of our networks within the 10 most watched pay TV channels in Mexico Televisa o Most watched channel among women: Tlnovelas and Unicable o #3 and #4 most watched movie networks: De Película and Golden Networks 10 o Leaders in music/lifestyle channels: RMS and Bandamax

DEFINING TRENDS I. Highlights 4Q’18 II. Diversified revenue streams III. Growing operating cash flow IV. Untapped opportunities in growth markets V. Strong balance sheet 11

DIVERSIFIED REVENUE STREAMS A strong position in our three core businesses Cable Revenue Content Revenue Sky Revenue Ps. in billions Ps. in billions Ps. in billions 36.2 22.2 22.0 39.2 21.9 33.0 36.7 34.0 33.8 34.9 34.3 31.9 19.3 17.5 28.5 16.1 20.9 17.1 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 Strong organic growth as a result Leveraging off its customer base Resuming growth after the of attractive 3-play offers and a of 7.6 millions of subscribers to negative impact of an unfavorable focus on customer service sell broadband services ad sales pricing mechanism 12 Source: Grupo Televisa's public filings

DIVERSIFIED REVENUE STREAMS Distribution (Cable & Sky) overtook Content in terms of OSI since 2014 Consolidated Revenue Contribution to OSI Ps. in billions OSI Margin 120.0 100.0% 101.3 Others 90.0% 93.6 96.3 100.0 21% 80.0% 24% 88.1 80.1 32% 70.0% 34% 73.8 37% 38% 80.0 Cable 60.0% 25% 25% 60.0 50.0% 25% 25% 24% 27% 40.0% Sky 39.7% 39.6% 39.6% 39.2% 40.0 38.7 38.3% 30.0% 20.0% 20.0 Content 10.0% 52% 48% 41% 38% 34% 37% 0.0 0.0% 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 Our multiple revenue sources Cable has overtaken Content as the most important contributor to have allowed us to post a CAGR Consolidated OSI of 6.5% since 2013 13 Source: Grupo Televisa's public filings