| Page 2| October 29, 2015 |
October 29, 2015
Thomas Ebeling
Chief Executive Officer
Q3 2015At a Glance
| Page 3| October 29, 2015 | | Page 3| October 29, 2015 |
Key financials – Q3 2015
Continuing operations
1 2 3 4 Q3 2015 – At a Glance
[Q3 2015 vs. Q3 2014, in EURm]
Revenues
Recurring EBITDA
Underlying net income
✔
✔
✔747.1
177.8
78.3
+17.2%
+9.1%
+4.8%
| Page 4| October 29, 2015 | | Page 4| October 29, 2015 |
Continued dynamic growth across all three business segments
Continuing operations
1 2 3 4 Q3 2015 – At a Glance
Content Production
& Global Sales
+EUR 32.9m
Reve
nu
e g
row
th
vs
. Q
3 2
01
4
Broadcasting
German-speaking
DistributionTV advertising
+5.2% +7.5%
+EUR 27.5m
+6.3%
Digital & Adjacent
Ventures &
Commerce
Digital
EntertainmentAdjacent
+40.4% +26.2% -4.9%
+EUR 49.2m
+31.0% +79.9%
| Page 5| October 29, 2015 | | Page 5| October 29, 2015 |
Major operational highlights
1 2 3 4 Q3 2015 – At a Glance
Sports ecosystem initiated with 90MIN and Eversports ✔
Powerful US additions to Red Arrow’s digital and non-scripted portfolio ✔
ProSiebenSat.1 with positive TV ad performance in Q3 2015 ✔
Leading Nordic online travel agency Etraveli acquired ✔
Best 9M TV ratings performance in the last ten years ✔
| Page 6| October 29, 2015 | | Page 6| October 29, 2015 |
Degree of achievement of new 2018 targets
Continuing operations
2012-18 revenue growth target, degree of achievement[achievement based on 9M 2015, in EUR m]
209392
183
784
Broadcasting
German-speaking
Digital & Adjacent
1,200
375
Content Production
& Global Sales
1,850
67%
Achievement by 9M 2015
Current CMD 2018 target
33%56% 42%X% Target achievement in %
275
1 2 3 4 Q3 2015 – At a Glance
46%Linear extrapolation
of new 2018 target
| Page 7| October 29, 2015 | | Page 7| October 29, 2015 |
We confirm our 2015 segment revenue growth assumptions…
Continuing operations
1 2 3 4 Q3 2015 – At a Glance
Digital & Adjacent Content Production
& Global Sales 1 2 3Broadcasting
German-speaking
Revenues
vs.
FY 2014
Low to mid single-
digit growth
double-digit
growthlow double-
digit growth
| Page 8| October 29, 2015 | | Page 8| October 29, 2015 |
… and raise our positive full-year guidance
Continuing operations
1 2 3 4 Q3 2015 – At a Glance
Recurring EBITDA and underlying net income above prior year ✔
Ad performance at least in line with positive net TV ad market ✔
Digital & Adjacent with double-digit revenue growth ✔
Low double-digit Group revenue growth ✔
| Page 9| October 29, 2015 |
October 29, 2015
Dr. Gunnar Wiedenfels
Chief Financial Officer
Q3/9M 2015Financial Performance Review
| Page 10| October 29, 2015 | | Page 10| October 29, 2015 |
Q3 2015: continued high single-digit recurring EBITDA increase
Continuing operations
1 2 3 4 Q3/9M 2015 – Financial Performance Review
0
200
400
600
800
0
100
200
300
177.8162.9
+17.2%
Q3 2015
637.5
747.1
Q3 2014
Consolidated revenues
[in EUR m]
Recurring EBITDA
[in EUR m]
Q3 2015Q3 2014
Recurring EBITDA margin:
23.8% (-1.8%pts)
+9.1%
| Page 11| October 29, 2015 | | Page 11| October 29, 2015 |
9M 2015: strong revenue and recurring EBITDA improvement
Continuing operations
0
500
1,000
1,500
2,000
2,500
0
200
400
600
800
568.1522.2
+13.8%
9M 2015
1,909.72,174.2
9M 2014
Consolidated revenues
[in EUR m]
Recurring EBITDA
[in EUR m]
9M 20159M 2014
Recurring EBITDA margin:
26.1% (-1.2%pts)
+8.8%
1 2 3 4 Q3/9M 2015 – Financial Performance Review
| Page 12| October 29, 2015 | | Page 12| October 29, 2015 |
Q3/9M 2015: Group P&L – improvement of all key metrics
Continuing operations. 1) Result for the period attributable to shareholders of P7S1 Media SE
[in EUR m] Q3 2015 Q3 2014 y-o-y 9M 2015 9M 2014 y-o-y
Revenues 747.1 637.5 +17.2% 2,174.2 1,909.7 +13.8%
Recurring EBITDA 177.8 162.9 +9.1% 568.1 522.2 +8.8%
Non-recurring items -11.4 -6.0 +89.4% -30.3 -20.7 +46.3%
EBITDA 166.4 156.9 +6.0% 537.8 501.5 +7.2%
Depreciation and amortization -35.0 -31.5 +11.0% -96.5 -88.8 +8.7%
Operating result (EBIT) 131.4 125.4 +4.8% 441.3 412.7 +6.9%
Financial result -1.5 -22.9 -93.7% -49.7 -105.3 -52.8%
Thereof interest result -22.7 -22.2 +2.7% -63.1 -75.3 -16.1%
Earnings before tax (EBT) 130.0 102.5 +26.8% 391.6 307.4 +27.4%
Net income1) 73.1 67.3 +8.6% 252.1 205.7 +22.6%
Underlying net income 78.3 74.7 +4.8% 266.4 238.5 +11.7%
1 2 3 4 Q3/9M 2015 – Financial Performance Review
| Page 13| October 29, 2015 | | Page 13| October 29, 2015 |
Updated financial targets for 2015
Continuing operations 1) previously “high single-digit”
Financial leverage 1.5x – 2.5x
Recurring EBITDA above prior year
Underlying net income above prior year
Group revenue growth low double-digit1)
1 2 3 4 Q3/9M 2015 – Financial Performance Review
| Page 14| October 29, 2015 |
October 29, 2015
Thomas Ebeling
Chief Executive Officer
Broadcasting German-speakingTV Performance
| Page 15| October 29, 2015 | | Page 15| October 29, 2015 |
Strong ratings growth across German-speaking markets
Basis for GER: All German TV households (Germany + EU), A 14-49 years; Mon-Sun, full day 3-3h. Source: AGF in
cooperation with GfK / TV Scope / ProSiebenSat.1 TV Deutschland. Basis for CH: D-CH; A 15-49; Mon-Sun, full day.
Source: Mediapulse TV-Panel. Basis for A: A 12-49; Mon-Sun, full day 3-3h, P7 MAXX Austria and S1 Gold Austria (both
from Jul 15, 2014, onward). Source: AGTT / GfK: Fernsehforschung / Evogenius Reporting.
Q3 2014
Germany 29.3%
Austria 22.1%
Switzerland 17.7%
Q3 2015
30.1%
23.5%
17.9%
Audience share (A14-49)[in %]
1 2 3 4 Broadcasting German-speaking / TV Performance
| Page 16| October 29, 2015 | | Page 16| October 29, 2015 |
Audience share (A14-49)[9M, in %]
Best 9 months ratings performance in the last ten years
28.327.9 27.9
28.6 28.6 28.6
27.7 27.6
28.4
29.5
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
| Page 16Basis: All German TV households (Germany + EU), A 14-49 years, Mon-Sun, full day 3-3h; P7S1 w/o N24 & w/o
9live, sixx since Feb. 1, 2011, SAT.1 Gold since Jan. 17, 2013, ProSieben MAXX since Sept. 3, 2013.
Source: AGF in cooperation with GfK/TV Scope/P7S1 TV Deutschland.
1 2 3 4 Broadcasting German-speaking / TV Performance
| Page 17| October 29, 2015 | | Page 17| October 29, 2015 |
New Disney volume deal fortifies access to top license supplyExamples
Multi-year volume deals with 6 out of 8 US major studios with key TV program
secured well beyond 2019
1 2 3 4 Broadcasting German-speaking / TV Performance
Features
Series
NEW
(sitcoms)
| Page 18| October 29, 2015 |
October 29, 2015
Thomas Ebeling
Chief Executive Officer
Broadcasting German-speakingAd Market Performance
| Page 19| October 29, 2015 | | Page 19| October 29, 2015 |
Positive development 9M 2015
1) Source: Nielsen; gross figures excluding YouTube and Facebook.
1 2 3 4 Broadcasting German-speaking / Ad Market Performance
Continued increase of TV share in media mix1) ✔
Continued positive net pricing development ✔
German-speaking TV advertising revenue growth of 3.9% y-o-y with
Q3 accelerated growth of 5.2% y-o-y ✔
P7S1 gained advertising share in Q3. This trend is expected to
continue in Q4 ✔
9M German net TV ad market growth in line with full year expectation
of 2-3% ✔
| Page 20| October 29, 2015 | | Page 20| October 29, 2015 | Q3: Jul-Sep | Source: Nielsen Media Research (Germany), Media Focus (Austria, Switzerland). | Page 20
1 2 3 4 Broadcasting German-speaking / Ad Market Performance
Switzerland
Austria
Germany
ProSiebenSat.1 gross TV advertising market share
[in %]
Advertising share gains in all German-speaking markets
Q3 2014 Q3 2015
24.4%
43.8%
36.7%
28.1%
45.5%
37.5%
| Page 21| October 29, 2015 | | Page 21| October 29, 2015 |
Sales outlook 2015
1 2 3 4 Broadcasting German-speaking / Ad Market Performance
3
1
2
4
German net TV advertising market growth of 2-3%
P7S1 to grow above market
Net CPTs to further increase due to increased value of reach
Continued increase of TV share in media mix
| Page 22| October 29, 2015 |
October 29, 2015
Digital & Adjacent
Thomas Ebeling
Chief Executive Officer
| Page 23| October 29, 2015 | | Page 23| October 29, 2015 |
We delivered double-digit growth in revenues and rec. EBITDA …
1) Entity rec. EBITDA / Ext. revenues.
Ext. revenues Rec. EBITDA
[in EURm] [in EURm]
0
50
100
150
200
Q3 2015
207.9
Q3 2014
158.7
0
10
20
30
40
Q3 2014
32.2
Q3 2015
37.7
~18%EBITDA
margin1)
+31% +17%
1 2 3 4 Digital & Adjacent
| Page 24| October 29, 2015 | | Page 24| October 29, 2015 |
… driven by strong performance of Commerce and Entertainment
Revenues
[Q3 2015]
Revenue growth
[Q3 2015 vs.
Q3 2014]
Digital
Entertainment
EUR
67.3m
+26%
Adjacent
EUR
15.4m
-5%
Ventures &
Commerce
EUR
125.2m
+40%
1 2 3 4 Digital & Adjacent
| Page 54
| Page 25| October 29, 2015 | | Page 25| October 29, 2015 |
We have leading market positions across all our D&A pillars
1) Studio71 is #1 MCN in Germany, together with CDS top 5 globally. 2) Yieldlab is #1 Premium SSP in DACH. 3) SVoD
market Germany, according to Forsa. 4) Mobile and PC games publishers in Europe, excluding direct publishing by
developers, P7S1 estimates. 5) Etraveli and Vitafy signed with envisaged closing in Q4; Vitafy is a minority investment only
| Page 25
Market position
PayVoD GamesAdVoDTravel
vertical
New
verticalsVentures
AdjacentDigital EntertainmentVentures & Commerce
Music, Artist Mgmt.,
Live, Licensing
#4#1
Top
5
#2
Top
5
#1
#1
#2
#1
Beauty & Accessories
#1
#1
#1
Online Comparison
Other assets
Top
5
Top
33)
Top
34)
#1
Top
3
#2
#1
#11)
Leading German
VC investor
#1(M4R/E)
60.2% 32.4% 7.4%Q3 2015
revenue
split
A B C
#12)
1 2 3 4 Digital & Adjacent
Top
5
Video innovation hub New5)
#1
#1New5)
| Page 26| October 29, 2015 | | Page 26| October 29, 2015 |
In Travel, we acquired the leading Nordics online travel agency
1) P7S1 stake. 2) FY 2014 figures. Note: Signed with envisaged closing in Q4.
A
1 2 3 4 Digital & Adjacent
100%1)
40countries
1.6mtrips
per year
~1bnEUR gross
bookings2)
~70mEUR
revenues2)
What Etraveli is
Etraveli is a leading online travel
agency for flights in the Nordics
with 12 brands in 40 countries
Services include airline ticketing
and hotel bookings
| Page 27| October 29, 2015 | | Page 27| October 29, 2015 |
Etraveli closes the blank spot ‘flights’ in our 7Travel value chain
1 2 3 4 Digital & Adjacent
A
Why we acquired
We complement our online travel
vertical and close the blank spot
“flight search” in our customer journey
Etraveli enables a profitable, low risk
internationalization of Travel based
on a cost efficient platform strategy
Build new brand for Etraveli meta
business in Germany leveraging TV
Inspiration
Search
Booking
In Destination
NEW
Customer journey
| Page 28| October 29, 2015 | | Page 28| October 29, 2015 |
In Digital Entertainment, we have seen great achievements B
Maxdome with strong
growth in all dimensions
New ad tech
profit center
Market leading in
Premium Video
Building knowledge in
video innovation
#1
1 2 3 4 Digital & Adjacent
#1 MCN in Germany
#1
| Page 29| October 29, 2015 | | Page 29| October 29, 2015 |
maxdome has grown strongly in all dimensions
1) End of period Q3 2015 vs. PY. 2) Q3 2015 vs. PY. 3) Ø of period Q3 2015 vs. PY.
Total
video views2)
Total
user base3)
+35%
B
SVoD
subscribers1)
1 2 3 4 Digital & Adjacent
+65%+95%
| Page 30| October 29, 2015 | | Page 30| October 29, 2015 |
We complement our sports ecosystem with digital platforms
Note: Sportdeutschland is a majority investment, Eversport and 90min are minority investments, and Ultimate Fighting
Championship (UFC) are acquired rights
C
1 2 3 4 Digital & Adjacent
Sports management,
events and ticketing
We leverage synergies with our commerce assets around sports, e.g.
Digital Video
platforms/productsTV/Rights + +
| Page 31| October 29, 2015 | | Page 31| October 29, 2015 |
Digital & Adjacent – outlook
Deliver double-digit revenue growth in FY 2015
Build new digital verticals
Further internationalize with innovative imports and exports
1
2
3
1 2 3 4 Digital & Adjacent
| Page 32| October 29, 2015 |
October 29, 2015
Thomas Ebeling
Chief Executive Officer
Q3 2015Summary & Outlook
| Page 33| October 29, 2015 | | Page 33| October 29, 2015 |
We raise our positive full-year guidance
Continuing operations.
Recurring EBITDA and underlying net income above prior year ✔
Ad performance at least in line with positive net TV ad market ✔
Digital & Adjacent with double-digit revenue growth ✔
Low double-digit Group revenue growth ✔
1 2 3 4 Summary & Outlook
| Page 34| October 29, 2015 | | Page 34| October 29, 2015 |
Disclaimer
This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("ProSiebenSat.1")or ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1's orProSiebenSat.1 Group's financial position, business strategy, plans and objectives of management and futureoperations. Such forward-looking statements involve known and unknown risks, uncertainties and other importantfactors that could cause the actual results, performance or achievements of ProSiebenSat.1 or ProSiebenSat.1Group to be materially different from future results, performance or achievements expressed or implied by suchforward-looking statements. These forward-looking statements speak only as of the date of this presentation andare based on numerous assumptions which may or may not prove to be correct.
No representation or warranty, expressed or implied, is made by ProSiebenSat.1 with respect to the fairness,completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. Theinformation in this presentation is subject to change without notice, it may be incomplete or condensed, and itmay not contain all material information concerning ProSiebenSat.1 or ProSiebenSat.1 Group. ProSiebenSat.1undertakes no obligation to publicly update or revise any forward-looking statements or other information statedherein, whether as a result of new information, future events or otherwise.