ProSiebenSat 1 Media : Ergebnisse Dokument

Results Presentation

May 12, 2022

Q1 2022

© ProSieben/Benjamin Kis

© ProSieben/Benjamin Kis

1

Highlights

GOOD START TO THE YEAR UNDERLINES THAT WE ARE ON THE RIGHT TRACK WITH THE CONTINUOUS EXECUTION OF OUR STRATEGY

Maximizing REACH

1 Leading entertainment platform:

P7S1 audience share1) on continuous high level at 25.3%, slightly below prior year (26.1%) due to increased news demand

1. Local relevance and exclusivity: "Germany's Next Topmodel - by Heidi Klum" with best episode in 14 years based on audience share2)
2. Anywhere & anytime:
   Massive expansion of Addressable TV reach through signed cooperation with Deutsche Telekom

We empower

BRANDS

and create

MOMENTS

that matter

Diversifying MONETIZATION

1. Classic advertising space:
   Stable gross advertising market share of 35%3) in Q1 2022
2. M4E4) & M4R5):
   New and extended deals in Q1 2022, e.g., Studyhelp, Grover
3. Portfolio monitoring:
   Continuous and active exploration of opportunities for our portfolio

	Dividend of	Dividend yield:
	EUR 0.80
Enabling superior	per share for	7.5%
FY 2021	as of
SHAREHOLDER RETURNS		May 5, 2022
	(AGM)
1) Basis: Mon-Sun,20:15-23:00h, A 14-49; Source: AGF in cooperation with GfK/videoscope/Marktstandard TV/P7S1; 2) Episode from 10/3/2022 on makeover with 27.2% audience	3
share A 14-49; 3) Based on TV gross ad spend, incl. media and other advertising; Source: The Nielsen Company; 4) M4E = media-for-equity; 5) M4R = media-for-revenue

© ProSieben/Michael de Boer

2

Financials

ORGANIC GROUP REVENUE GROWTH OF +3% IN Q1 2022 IN LINE WITH THE GROUP'S EXPECTATIONS

EARNINGS AND CASH FLOW KPIS [IN EUR M]
	Q1	Q1
	2022	2021	YoY
Group Revenues	954	938	+2%
Organic	954	926	+3%
Adjusted EBITDA	123	143	-14%
Adjusted net	42	37	+14%
income1)
Adjusted	145	82	+77%
operating FCF

COMMENTS

• Revenues of ProSiebenSat.1 Group in Q1 2022 slightly above previous year and thus in line with the Group's expectations. Organic revenue growth of +3%.
• Group adjusted EBITDA reduction largely attributable to previously announced increase in programming costs as well as disposal of Gravitas, Amorelie and moebel.de (in total: EUR 7m in Q1 2021).
• Adjusted net income, by contrast, grew by +14% in Q1 2022 which also highlights higher adjusted EBITDA to adjusted net income conversion resulting from improved financial result as well as lower taxes and non-controlling interests.
• Adjusted operating FCF increased significantly by +77% mainly due to lower investments in U.S. licensing program as well as seasonality of programming capex.

1) Attributable to shareholders of P7S1	5
Note: Organic = adjusted for portfolio and currency effects