Q2/H1 2016 IR Presentation | Page 1 | February 25, 2016 | August - PowerPoint PPT Presentation

August 4, 2016 ProSiebenSat.1 Media SE Q2/H1 2016 IR Presentation | Page 1 | February 25, 2016 |

August 4, 2016 Thomas Ebeling CEO Q2/H1 2016 At a Glance | Page 2 | February 25, 2016 |

1 2 3 4 Q2/H1 2016 – At a Glance Key financials in Q2 2016 [Q2 2016 vs. Q2 2015; in EUR m] ✔ +15% Revenues 886 ✔ +7% Recurring EBITDA 254 ✔ +8% Underlying net income 133 | Page 3 | Page 3 | August 4, 2016 | | August 4, 2016 | Continuing operations

1 2 3 4 Q2/H1 2016 – At a Glance Key financials in H1 2016 [H1 2016 vs. H1 2015; in EUR m] ✔ +18% Revenues 1,688 ✔ +9% Recurring EBITDA 424 ✔ +7% Underlying net income 207 | Page 4 | Page 4 | August 4, 2016 | | August 4, 2016 | Continuing operations

1 2 3 4 Q2/H1 2016 – At a Glance Continued growth across all three business segments Broadcasting German-speaking Digital & Adjacent Revenue Content Production & Global Digital Ventures & growth Sales TV advertising Distribution Adjacent Entertainment Commerce +1% +7% +53% +50% -26% +42% Q2 +1% +43% +2% +10% +59% +75% -34% +40% H1 +3% +57% | Page 5 | Page 5 | August 4, 2016 | | August 4, 2016 | Note: Q2 2016 vs. Q2 2015 and H1 2016 vs. H1 2015; continuing operations, external revenues

1 2 3 4 Q2/H1 2016 – At a Glance 2018 Group revenue growth target and achievement by Q2 2016 2018 Group revenue and recurring EBITDA target 2018 segment revenue targets [in EUR m] [in EUR m] 4,206 3,522 2,356 2,301 2,181 1,926 1,535 1,095 1,029 960 745 370 335 302 95 Broadcasting German- Digital & Adjacent Content Production & ProSiebenSat.1 Group Group rec. EBITDA speaking Global Sales 63% 61% 68% 58% 75% Degree of achievement 1) Pro-rata target 58% 58% 58% 58% 58% Required CAGR by 2018 +7.4% +5.4% +2.2% +17.3% +8.5% 2012 Q2 2016 (LTM) 2018 target | Page 6 | Page 6 | August 4, 2016 | | August 4, 2016 | Note: incl. pro-forma consolidation effects; 1) As of Q2 2016

1 2 3 4 Q2/H1 2016 – At a Glance ProSiebenSat.1 is well positioned for future growth Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales  TV advertising revenue growth  Dynamically increasing digital  Growing content library  Print to TV media mix shift video consumption  Development and distribution  Pricing opportunities  Strong presence in all key of new innovative formats  Addressable TV advertising digital entertainment markets  Innovative TV ad products AdVoD/streaming, SVoD,  Growing international customer TVoD, MCN, ad tech/data base  Distribution revenue growth  New commerce ecosystems  Increasing number of returning  Monetization of HD channels shows across all platforms  Leveraging conversion of TV &  Mobile/OTT products commerce  Successful acquisitions in the  New industrial partnerships scripted, non-scripted and  Strong M&A track record digital content space Support from very solid macro-economic environment in key markets Germany, Austria and Switzerland | Page 7 | Page 7 | August 4, 2016 | | August 4, 2016 |

1 2 3 4 Q2/H1 2016 – At a Glance We confirm our positive full-year guidance ✔ Group revenue growth to exceed +10% ✔ Ad performance in line with positive net TV ad market growth range ✔ Digital & Adjacent with double-digit revenue growth ✔ Recurring EBITDA and underlying net income above prior year | Page 8 | Page 8 | August 4, 2016 | | August 4, 2016 | Continuing operations

1 2 3 4 Q2/H1 2016 – At a Glance Strong participation in new P7S1 employee share plan 52% 49% first-time of participants invest participation of maximum amount in eligible employees 1) multi-year share at launch of program MyShares program | Page 9 | Page 9 | August 4, 2016 | | August 4, 2016 | 1) Basis: 3,720 employees; 1,823 actually invested an average amount of EUR 691.

August 4, 2016 Dr. Gunnar Wiedenfels Chief Financial Officer Q2/H1 2016 Financial Performance Review | Page 10 | February 25, 2016 |

1 2 3 4 Q2/H1 2016 – Financial Performance Review Q2 2016: strong revenue and solid recurring EBITDA increase Consolidated revenues Recurring EBITDA [in EUR m] [in EUR m] +15% +7% 886 900 300 772 254 238 600 200 100 300 0 0 Q2 2015 Q2 2016 Q2 2015 Q2 2016 Recurring EBITDA margin: 29% (-2%pts) | Page 11 | Page 11 | August 4, 2016 | | August 4, 2016 | Continuing operations

1 2 3 4 Q2/H1 2016 – Financial Performance Review Q2 2016: Group revenue growth again driven by all segments Key Group revenue growth drivers vs. PY [Q2 2016 external revenues; growth rates in %] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 541m, +1% EUR 263m, +43% EUR 77m, +42% Digital Entertainment EUR 101m, +53% TV advertising EUR 496m, +1% Ventures & Commerce Red Arrow EUR 147m, +50% EUR 77m, +42% Distribution Adjacent EUR 31m, +7% EUR 14m, -26% | Page 12 | Page 12 | August 4, 2016 | | August 4, 2016 | Continuing operations

1 2 3 4 Q2/H1 2016 – Financial Performance Review Q2 2016: further underlying net income increase Financial result Underlying net income [in EUR m] [in EUR m] -48% +8% 25 200 133 150 122 0 100 -10 -25 -20 50 -50 0 Q2 2015 Q2 2016 Q2 2015 1) Q2 2016 Continuing operations; 1) Q2 2015: underlying net income restated due to retrospective adjustments of valuation effects of | Page 13 | Page 13 | August 4, 2016 | | August 4, 2016 | put-options and earn-out liabilities

1 2 3 4 Q2/H1 2016 – Financial Performance Review H1 2016: first half demonstrates strong underlying trends Consolidated revenues Recurring EBITDA [in EUR m] [in EUR m] +18% +9% 1,688 1,800 500 424 1,427 390 1,500 400 1,200 300 900 200 600 100 300 0 0 H1 2015 H1 2016 H1 2015 H1 2016 Recurring EBITDA margin: 25% (-2%pts) | Page 14 | Page 14 | August 4, 2016 | | August 4, 2016 | Continuing operations

1 2 3 4 Q2/H1 2016 – Financial Performance Review H1 2016: solid TV business complemented by dynamic growth of Digital & Adjacent and Red Arrow Key Group revenue growth drivers vs. PY [H1 2016 external revenues; growth rates in %] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 1,034m, +3% EUR 504m, +57% EUR 140m, +40% Digital Entertainment EUR 188m, +59% TV advertising EUR 950m, +2% Ventures & Commerce Red Arrow EUR 293m, +75% EUR 140m, +40% Distribution Adjacent EUR 60m, +10% EUR 23m, -34% | Page 15 | Page 15 | August 4, 2016 | | August 4, 2016 | Continuing operations

1 2 3 4 Q2/H1 2016 – Financial Performance Review H1 2016: positive valuation effects adjusted in underlying net income – earnings improvement driven by operations Financial result Underlying net income [in EUR m] [in EUR m] -30% +7% 25 250 207 193 200 0 150 -25 100 -34 -50 50 -48 -75 0 H1 2015 H1 2016 H1 2015 1) H1 2016 Continuing operations; 1) H1 2015: underlying net income restated due to retrospective adjustments of valuation effects of | Page 16 | Page 16 | August 4, 2016 | | August 4, 2016 | put-options and earn-out liabilities

1 2 3 4 Q2/H1 2016 – Financial Performance Review Broadcasting German-speaking: continued positive trend in H1 in line with full-year targets External revenues and recurring EBITDA [in EUR m] Q2 Q2 H1 H1 y-o-y y-o-y Comments 2016 2015 2016 2015 Q2 TV advertising growth Ext. revenues 541 535 +1% 1,034 1,005 +3% partly affected by earlier Easter; H1 TV advertising growth in line with underlying TV advertising 496 493 +1% 950 929 +2% market trends; Distribution revenue growth driven by HD Distribution 31 29 +7% 60 54 +10% and mobile distribution Recurring EBITDA increase in Rec. EBITDA 201 197 +2% 332 323 +3% line with revenues, attractive segment margin maintained | Page 17 | Page 17 | August 4, 2016 | | August 4, 2016 | Continuing operations; recurring EBITDA on entity basis

1 2 3 4 Q2/H1 2016 – Financial Performance Review Digital & Adjacent: last year’s acquisitions continue to provide significant growth impetus to digital business External revenues and recurring EBITDA [in EUR m] Q2 Q2 H1 H1 y-o-y y-o-y Comments 2016 2015 2016 2015 Ext. revenues 263 184 +43% 504 322 +57% Notable revenue and earnings contribution from strongly growing acquired businesses, Digital Entert. 101 66 +53% 188 118 +59% organic growth in H1 affected by revenue decline in Ventures & 147 98 +50% 293 168 +75% Commerce Adjacent, packaged travel business and online games Adjacent 14 19 -26% 23 36 -34% Overall improved profitability Rec. EBITDA 43 37 +15% 78 64 +21% but margin continues to reflect mix effect | Page 18 | Page 18 | August 4, 2016 | | August 4, 2016 | Continuing operations; recurring EBITDA on entity basis