Grupo Televisa B : Investor Presentation WebsiteFirst Quarter 2021

Investor

Presentation

First Quarter 2021

1Q'21 Highlights

We announced the combination of our media, content and production assets with Univision

CABLE

SKY

OTHER CONTENT

2

• Strong revenue and OSI growth of 7.9% and 7.7%, respectively
• Solid organic growth of 104 thousand broadband Revenue Generating Units ("RGUs"), reaching north of 5.5 million
• Solid positive trend for the Enterprise division remains, growing revenue by 14.7%
• Keeps adding video RGUs and the positive trend in broadband remains, closing the quarter with a record high 8.2 millions total RGUs
• Revenue increased by 4.1% with a lower margin due to sports events amortization
• Strong recovery of revenue and OSI, growing by 10.2% and 47.3%, respectively, driven by a robust increase of 28.1% in advertising revenue
• Our flagship network had more than twice the average rating1 of its closest competitor network
• Other Businesses segment significantly impacted by social distancing measures due to COVID

1Monday to Sunday from 2:30 p.m. to 10:30 p.m.

Televisa 1Q'21 Highlights

• 1Q 2021 Revenue (in Ps. Millions)

4%

29%

45%

22%

• 1Q 2021 OSI1 (in Ps. Millions)

25%

52%

23%

3

	Revenue	Y/Y
Cable	11,677	7.9%
Sky	5,625	4.1%
Content	7,416	10.2%
Other Businesses	952	(45.8)%
Cons. Net Sales	23,829	2.6%

	OSI1	Y/Y
Cable	4,835	7.7%
Sky	2,154	(3.6)%
Content	2,377	47.3%
Other Businesses	12	(96.7)%
Total OSI	9,378	7.7%

1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense

Content: Goals

Televisa will continue to focus on strengthening its content business

CONTENT

• Increase volume and quality of our original content
• Ongoing innovation in our formats and storylines
• Strive for strong ratings across all genres
• Expand the ways in which we monetize our content

4

Content: Sequential improvement

Sales and OSI1 grew very strongly driven by the higher revenue and cost discipline

Revenue

Ps. in billions

	7.4
6.7
1Q'20	1Q'21

OSI1

Ps. in billions

	2.4
1.6
1Q'20	1Q'21

OCF2

Ps. in billions

	2.3
1.5
1Q´20	1Q´21

• Content revenue increased by 10.2%
• Operating Segment Income grew 47.3%, the margin was 32.0%, which represented an expansion of 800 bps

5	1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense
	2Operating Cash Flow (OCF) is defined as Operating Segment Income minus capital expenditures